Sanofi shares seen up after Q3 beat
** Shares in Sanofi SASY.PA are seen up 1%-3.5% after the French pharma giant published Q3 results above expectations
** The group reported net sales for the quarter 6% above consensus at 13.44 billion euros ($14.53 billion), while business net income beat analyst expectations by 15% to 3.59 billion euros
** J.P. Morgan notes that beat was driven by vaccines due to Beyfortus sales, as well as flu sales
** It sees shares to outperform by 3%-5%
** Sanofi reiterated its recently-upgraded 2024 Business EPS guidance of "stable to low single digit % CER growth"
($1 = 0.9247 euros)
Reporting by Olivier Cherfan
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