WPI: Watson Pharmaceuticals Cautions on Earnings - TheStreet

WPI: Watson Pharmaceuticals Cautions on Earnings

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Watson Pharmaceuticals

(WPI)

yesterday cautioned investors that it would report third-quarter cash earnings between 12 to 14 cents a share and GAAP earnings between 3 to 5 cents a share.

The 10-analyst estimate forecasts the company to post a 48-cent profit for the quarter. Watson blamed weak product sales associated with its purchase of

Schein Pharmaceuticals

, as well as pricing competition and operating expenses on the earnings shortfall.