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Shire Plc Raises FY 2013 Earnings Guidance; Reaffirms FY 2013 Revenue Guidance; Issues Q4 2013 Revenue Guidance Below Analysts' Estimates


Thursday, 24 Oct 2013 07:01am EDT 

Shire Plc announced that for fiscal 2013, it expects mid-to-high teens Non GAAP earnings growth (previous guidance: double digit Non GAAP earnings growth) as the Company continue to see operating costs benefit from the Company reorganization efforts. For fourth quarter of 2013, it expects product sales growth as delivered in the third quarter of 2013, and continue to expect fiscal 2013 product sales growth in the mid-to-high single digits. The Company reported revenue of $4.681 billion and EPS of $2.04 in fiscal 2012 and revenue of $1.236 billion in third quarter of 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.28 for fiscal 2013; revenue of $1.311 billion for fourth quarter of 2013. 

Company Quote

245.31
-0.14 -0.06%
4:00pm EDT