* Q1 adj EPS $0.80 vs est $0.73
* Q1 rev $271.5 mln vs est $237.8 mln
May 8 Par Pharmaceutical Companies Inc,
which is under pressure from an activist investor to consider
selling itself, posted higher-than-expected results for the
fourth straight quarter as most of its products sold well.
Ralph Whitworth's Relational Investors LLC raised its stake
in the generic drugmaker and asked the company on Tuesday to
focus its strategies on a potential takeover.
Par's first-quarter net loss from continuing operations was
$28.7 million, or 79 cents per share, compared with $108.8
million, or $3.07 per share, last year.
Excluding a one-time charge, Par earned 80 cents per share.
Revenue rose 17 percent to $271.5 million.
Analysts on an average expected a profit of 73 cents per
share, excluding items, on revenue of $237.8 million, according
to Thomson Reuters I/B/E/S.
Shares in Woodcliff Lake, New Jersey-based Par Pharma closed
at $42.16 on Monday on the Nasdaq.