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AstraZeneca Lifts Profit Target

Stock quotes in this article: AZN  

AstraZeneca (AZN Quote) delivered a third-quarter financial report Thursday that beat Wall Street's estimates and prompted the drugmaker to raise its earnings per share estimate.

The Anglo-British company lifted its full-year earnings target to a range of $2.85 to $2.90 a share from $2.75, marking the second upward revision in 2005. The average estimate among analysts polled by Thomson First Call was $2.79 for the year.

AstraZeneca produced an operating profit of $1.7 billion, or 76 cents a share, on sales of $5.79 billion. The third-quarter consensus was for EPS of 67 cents with sales of $5.75 billion. ...

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