Allergan Meets EPS Estimates
Allergan(AGN Quote) reported Tuesday that it met earnings expectations and beat on revenue in the third quarter.
The Irvine, Calif.-based company earned 50 cents a share from continuing operations vs. 35 cents a share in the year-ago quarter. On an adjusted basis, it reported 58 cents a share, or $179.9 million, vs. 47 cents a share, or $144.8 million, in the 2006 period.
Analysts surveyed by Thomson Financial were expecting 58 cents a share on revenue of $960 million, but Allergan reported revenue of $993.7 million, compared to $806.8 million in the year-ago period. Total product net sales increased 23.6%, or 20.9% at constant currency, compared to the third quarter of 2006. Specialty pharmaceutical sales increased 16%, and core medical devices net sales increased 66% from the 2006 period. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,366.15 | 1,099.92 | 2,173.14 | 33.80 |
Oil *
77.73
|
|
DOWN
86.53
|
DOWN
9.32
|
DOWN
11.89
|
UP
0.57
|
10 Yr
3.38%
SPDR Gold
118.70
|
|
-0.83%
|
-0.84%
|
-0.54%
|
+1.72%
|
Data delayed 20 minutes |
Connect with TheStreet