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Stock impact report

Taro Provides Results for December 31, 2022

Taro Pharmaceutical Industries Ltd. Ordinary Shares (TARO) 
Last taro pharmaceutical industries ltd. ordinary shares earnings: 2/3 05:21 pm Check Earnings Report
Company Research Source: Business Wire
HAWTHORNE, N.Y.--(BUSINESS WIRE)--Taro Pharmaceutical Industries Ltd. (NYSE: TARO) (“Taro” or the “Company”) today provided unaudited financial results for the quarter and nine months ended December 31, 2022.Quarter ended December 31, 2022* Highlights - compared to December 31, 2021Net sales of $139.2 million was line with the prior year quarter. We continue to experience price pressures particularly in the U.S. generic business.Gross profit of $64.0 million (46.0% of net sales) compared to $76.0 million (54.7% of net sales).Research and development (R&D) expenses of $12.9 million decreased $1.3 million.Selling, marketing, general and administrative expenses (SG&A) of $49.9 million increased $25.0 million.Operating income of $1.3 million compared to operating income of $37.0 million. The current year quarter operating result is primarily attributable to the aforementioned price erosion, as well as the on-going impact associated with our recent acquisition.Interest and other financ Show less Read more
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