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Dr. Reddy's Q3 profit tumbles, hit by U.S. pricing pressure [Reuters]

DR REDDY LABS (RDY)  More Company Research Source: Reuters
US:NYSE Investor Relations: drreddys.com/investors
PDF Dr. Reddy's Q3 profit tumbles, hit by U.S. pricing pressure | Reuters Reuters Staff 1 Min Read REUTERS - Indian generic drugmaker Dr. Reddy’s Laboratories Ltd posted a 38.5 percent slump in quarterly net profit as sales declined due to pricing pressure in the United States, its biggest market. Net profit was 3.03 billion rupees ($47.7 million) in the third quarter ended Dec. 31, compared with 4.92 billion rupees a year earlier, the company said. bit.ly/2BubKli That compares with an average estimate of 3.4 billion rupees from 13 analysts polled by Thomson Reuters I/B/E/S. ($1 = 63.4900 rupees) Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Edwina Gibbs All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved. Dr. Reddy's Q3 profit tumbles, hit by U.S. pricing pressure REUTERS - Indian generic drugmaker Dr. Reddy’s Laboratories Ltd posted a 38.5 percent slump in quarterly net profit a [Read more]

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