Allergan beat estimates by 24 cents a share, with adjusted quarterly profit of $3.79 per share. Revenue also exceeded Wall Street forecasts, helped by sales growth for existing products like Botox and Juviderm. The company also raised its full-year forecast amid what it calls a rapidly progressing product pipeline.The European drugmaker earned an adjusted $1.94 per share for its first quarter, 24 cents a share above consensus forecasts.
The company also raised its full-year forecast.Regeneron reported adjusted quarterly profit of $4.45 per share, short of the $5.46 a share consensus estimates. The drugmaker's revenue also missed forecasts, hurt by a surge in expenses.Ferrari reported a 22% jump in net profit during the first quarter from a year earlier, helped by sales growth for its Portofino sports car line.The food services company missed estimates by 4 cents a share, with adjusted quarterly profit of 45 cents per share.
Source: News Formal (newsformal.com)
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