) nudged up its full-year earnings guidance on Thursday, after reporting a drop in third-quarter profit that broadly met expectations.
The world’s largest generic drugmaker earned 58 cents per diluted share excluding one-time items in the July-September period, down from 68 cents a year earlier. Revenue fell 6% to $4.26 billion due to generic competition for its multiple sclerosis drug Copaxone and declines in sales in the United States, Russia and Japan, although it posted gains in some of its newly launched drugs.
Revenue in North America dipped 9% to $2.05 billion, with North American sales of Copaxone down 41% to $271 million. Its new migraine drug Ajovy had revenue of $25 million, while sales of Huntington’s treatment Austedo rose to $105 million from $62 million.Chief Executive Kare Schultz said Teva remained on track to achieve a two-year restructuring target of $3 billion in spending reductions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbus ups production in China, while Boeing raises its forecast for IndiaPassenger trips by air in both countries are soon set to overtake the United States. Do Chinese aviation mechanics have a high level of safety and compliance awareness?
Source: CNBC - 🏆 12. / 72 Read more »
Papa John's new CEO shakes up top management; CFO to leavePapa John's International Inc said on Wednesday its finance head would leav... Papa gene's then huh. 😁 Overpriced garbage. Are they going to use pizza dough instead of cardboard in the future? Awful pizza
Source: Reuters - 🏆 2. / 97 Read more »
UPS Forecasting Record-breaking Holiday ReturnsUPS said it will handle an average of 1 million returns per day in December.
Source: wwd - 🏆 24. / 68 Read more »
The 50 Best Comedies on Netflix Right NowNetflix is becoming a major source for laughter, and these are the 50 funniest movies available to stream right now Netflix is the boob tube. I pass. no thank you ObamaBoondoggle The Eurovision movie was funny as hell but with tons of heart.
Source: NYMag - 🏆 111. / 63 Read more »
Scott Javor Named CFO of Napster Parent Rhapsody InternationalScott Javor has been appointed senior vice president, chief financial officer of Rhapsody International Congrats
Source: billboard - 🏆 112. / 63 Read more »
Academy Museum Names Seven New Trustees, Including Laura Dern & Academy President David RubinLaura Dern and Academy of Motion Picture Arts and Sciences president David Rubin have joined the board of trustees of the new $388 million Academy Museum of Motion Pictures, which will open sometim…
Source: DEADLINE - 🏆 109. / 63 Read more »