Wall Street Grand, LLC., a leading investor newsletter is pleased to announce to the investment community and Wall Street Grand members market moving news about the GlaxoSmithKline PLC’s soaring fourth quarter results. GlaxoSmithKline PLC trades on the “New York Stock Exchange” under the stock symbol “GSK”. To learn more about “GSK”, make sure to visit our exclusive website http://www.wallstreetgrand.com/.
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The Worlds second largest drug maker by revenue, GlaxoSmithKline PLC, reported Thursday that its fourth-quarter profit skyrocketed to a figure of 66 percent with a big boost from sales of swine flu vaccine. In the three months the year of 2009, Glaxo turned a net profit of 1.63 billion pounds ($2.6 billion), compared to a year prior with results of only 982 million pounds. The strong finish pushed full-year profits up 20 percent to 5.5 billion pounds ($8.7 billion).
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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