Alza Sees 20% Revenue, Earnings Growth for 2001
Alza
(AZA)
said its pharmaceutical and technology divisions will drive revenue and earnings this year, and the company projected growth of at least 20% in 2001.
The pharmaceutical company earned 82 cents a share in 2000. The projected 2001 increase would put earnings at 98 cents a share, 2 cents below the Wall Street consensus estimate.
First Call/Thomson Financial
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queried 16 analysts, who arrived at a consensus profit forecast of $1 a share for 2001.
The company, which is based in Mountain View, Calif., reported revenue of $988 million in 2000. An increase of at least 20% in 2001 would yield a top line of about $1.2 billion.
Alza lost $1.57, or 3.8%, to close at $39.70 in
New York Stock Exchange
trading.
