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Sign InRegeneron Pharmaceuticals shares extended their decline to 6.2% despite reporting first-quarter revenue of $3.605 billion, a 19% year-over-year increase. The downward pressure intensified as investors focused on declining U.S. sales of its Eylea product, overshadowing an adjusted earnings beat of $9.47 per share against the $8.94 consensus. In addition to a $3 billion share buyback authorization, the company declared a quarterly dividend of $0.94 per share. This dividend is scheduled for payment on June 4th to shareholders of record as of May 20th. Despite these capital return initiatives, the market remains wary of intensifying competition in the biotech sector. The stock's performance suggests that concerns over domestic market share erosion are currently outweighing positive financial metrics.