August 7, 2019 / 11:07 AM / 3 months ago

Israel's Teva Pharm Q2 profit falls less than expected

TEL AVIV, Aug 7 (Reuters) - Israel-based Teva Pharmaceutical Industries reported a smaller-than-expected drop in second-quarter profit on Wednesday and reaffirmed its full year outlook.

The world’s largest generic drugmaker earned 60 cents per diluted share excluding one-time items in the April-June period, down from 78 cents a year earlier. Revenue fell 8% to $4.34 billion.

Analysts had forecast Teva would earn 57 cents a share ex-items on revenue of $4.25 billion, according to I/B/E/S data from Refinitiv.

For 2019 it reaffirmed its forecast of adjusted EPS of $2.20-$2.50 and revenue of $17.0-$17.4 billion. Analysts are forecasting EPS of $2.37 on revenue of $17.14 billion. (Reporting by Tova Cohen Editing by Steven Scheer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below