Allergan beats, raises its forecast (AGN) [The Business Insider]
ALLERGAN INC (AGN)
Last allergan inc earnings: 2/10 07:00 am
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Source: The Business Insider
Allergan beats, raises its forecast (Reuters) - Botox-maker Allergan Plc on Tuesday reported adjusted profit that beat analysts' estimates, and raised its 2017 forecast to include its $2.48 billion acquisition of Zeltiq Aesthetics. Excluding items, Dublin-based Allergan earned $3.35 per share, helped by sales of its newer medicines and key products, including Botox. Analysts on average expected earnings of $3.30 per share, according to Thomson Reuters I/B/E/S. Allergan in February agreed to buy Zeltiq, a device that is designed to freeze fat away, adding to its line-up of aesthetic products. The company raised its net revenue forecast to $15.8 billion-$16 billion, from $15.5 billion-$15.8 billion. Net loss attributable to ordinary shareholders was $2.63 billion, or $7.86 per share, in the first quarter ended March 31, compared with a profit of $186.1 million, or 47 cents per share, a year earlier. The company reported a first-quarter loss primarily due to amortization, research and de
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