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Shire's third quarter results beat expectations

Shire reports 20% increase in its third quarter earnings
Shire reports 20% increase in its third quarter earnings

Pharmaceutical firm Shire has reported a 20% rise in third-quarter earnings, beating market expectations, driven by growth in its immunology franchise. 

The company posted non-GAAP earnings per share, its preferred measure, of $3.81 on total revenue of $3.70 billion.

It also reiterated its guidance for the year.

Analysts on average expected the company to report earnings per share of $3.69 on revenue of $3.75 billion for the third quarter.