UPDATE 1-Generic drugmaker Endo's profit beats estimates [Reuters]
Endo International plc - Ordinary Shares (ENDP)
Last endo international plc - ordinary shares earnings: 2/26 06:00 am
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Source: Reuters
UPDATE 1-Generic drugmaker Endo's profit beats estimates (Adds details on segment business) Feb 27 (Reuters) - Generic drugmaker Endo International Plc reported higher-than-expected quarterly profit, helped by higher sales of its sterile injectables and flagship drug Xiaflex. Sales in the sterile injectables business rose 16 percent to $167.3 million, while its specialty drugs business, which includes Xiaflex, raked in $124 million, up 8 percent from a year earlier. Xiaflex is approved to treat Peyronie’s disease, a condition that causes painful erections, and Dupuytren’s contracture, a disease that impairs a person’s ability to use their fingers. Net loss attributable to shareholders narrowed to $368.4 million, or $1.65 per share, in the fourth quarter ended Dec. 31 from $3.34 billion, or $14.98 per share, a year earlier. Excluding items, Endo earned 77 cents per share, above the average analysts’ estimate of 61 cents per share, according to Thomson Reuters I/B/E/S. The company booke
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