AstraZeneca PLC

AZN: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 69,815.00	Vwrw	Xfnfzptq

AstraZeneca Earnings: Core Product Growth and Strong Pipeline Advancement Offset Lost COVID-19 Sales

Damien Conover

Apr 27, 2023

AstraZeneca reported solid first-quarter results slightly above our expectations, but we don’t expect any major change to our fair value estimate. While COVID-19 product sales were down as expected with the pandemic receding, core products continue to post solid growth while the pipeline is making excellent strides to reinforce the firm’s wide moat.

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