TARRYTOWN, N.Y. (AP) _ Regeneron Pharmaceuticals Inc. (REGN) on Wednesday reported first-quarter net income of $973.5 million.

The Tarrytown, New York-based company said it had profit of $8.61 per share. Earnings, adjusted for non-recurring costs, were $11.49 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $9.37 per share.

The biopharmaceutical company posted revenue of $2.97 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $2.71 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REGN at https://www.zacks.com/ap/REGN

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