Actavis PLC Issues Q4 2013 EPS Guidance Above Analysts' Estimates; Raises FY 2013 Guidance; Issues FY 2014 EPS Guidance In Line With Analysts' Estimates
Actavis PLC announced that Non-GAAP earnings for the fourth quarter of 2013 are expected to be between $2.95 and $3.05 per diluted share. For fiscal 2013, the Company expects total net revenue to be approximately $8.6 billion, adjusted EBITDA to be between $2.22 billion and $2.24 billion and non-GAAP earnings to be between $9.26 and $9.39 per diluted share. For fiscal 2014, the Company expects non-GAAP earnings to be between $12.25 and $13.00 per diluted share (EPS). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.26 for the fourth quarter of 2013; revenue of $8.1 billion, EBITDA of $2.12 billion and EPS of $8.35 for fiscal 2013; and EPS of $12.47 for fiscal 2014.
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