Teva Pharma Reduces 2012 Guidance On Lower Generics View

Date : 05/24/2012 @ 9:38AM
Source : Dow Jones News
Stock : NY^TEVA (TEVA)
Quote : 38.92  0.0 (0.00%) @ 6:39PM

Teva Pharma Reduces 2012 Guidance On Lower Generics View

Teva Pharmaceutical Industries Limited American Depositary Shares (NYSE:TEVA)
Historical Stock Chart

5 Years : From Apr 2012 to Apr 2017

Click Here for more Teva Pharmaceutical Industries Limited American Depositary Shares Charts.

Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) lowered its guidance for 2012 on reduced expectations for generic drug sales in the U.S. and Europe, as well as softer sales of some branded offerings.

The world's biggest manufacturer of generic drugs now expects per-share earnings of $5.30 to $5.40 on net sales of $20 billion to $21 billion. The Israel company in December had projected per-share earnings of $5.48 to $5.68 on revenue of $22 billion.

The company reduced its outlook for generic drugs to $10.7 billion from its prior view of $11.8 billion. U.S. generic sales are pegged at $4.6 billion, down from $5 billion. Europe sales are seen at $3.4 billion, compared with a prior estimate of $4 billion.

The reduced forecast for branded drugs includes its outlook for leukemia drug Treanda and its women's health products.

Teva recently reported its first-quarter profit jumped 41%, as strong sales of branded and generic medicines in the U.S. and emerging markets offset a weak performance in Europe.

The company's American depositary shares were up 1.4% at $39.10 in premarket trading after trading around $39.50 earlier.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com




Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.