Teva Pharm Q4 tops estimates on strong sales of its own drugs
ReutersJan 29, 2025 12:15 PM
JERUSALEM, Jan 29 (Reuters) - Teva Pharmaceutical Industries TEVA.TA reported a slightly larger than expected rise in fourth-quarter profit, helped by double-digit sales gains in a trio of its branded drugs to treat migraines, Huntington's disease and schizophrenia.
The world's largest generic drugmaker TEVA.N said on Wednesday it earned 71 cents per diluted share excluding one-time items in the October-December quarter, down from $1.00 per share a year earlier. Revenue fell 5% to $4.2 billion.
Analysts had forecast earnings of 70 cents per share ex-items for the Israel-based company on revenue of $4.13 billion, LSEG I/B/E/S data showed.
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