By David SachsLonza shares jumped Friday after the company posted consensus-beating sales and earnings. At 0858 GMT, shares in the Swiss life-sciences company were up 13% at CHF419.30 after rising as high as CHF420.90. Lonza's full-year sales of 6.72 billion Swiss francs ($7.75 billion) were 3% above the company-compiled consensus, while core earnings before interest, taxes, depreciation and amortization were 5% ahead at CHF2.00 billion, Jefferies analysts said in a note. Lonza also nominated Jean-Marc Huet to replace Albert Baehny as chairman, but the move shouldn't disrupt the group's crucial search for a new chief executive, Jefferies said. Write to David Sachs at david.sachs@wsj.com(END) Dow Jones NewswiresJanuary 26, 2024 04:23 ET (09:23 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal January 26, 2024 16:23 UTC