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Stock impact report

Taro Provides Results for December 31, 2018

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 three and nine months ended December 31, 2018. Quarter ended December 31, 2018 Highlights - compared to December 31, 2017 Net sales of $176.4 million increased $20.9 million, mainly driven by a 13% increase in overall volumes. Gross profit of $117.5 million (66.6% of net sales compared to 66.2%) increased $14.6 million. Research and development (R&D) expenses of $14.7 million decreased $2.7 million. Selling, marketing, general and administrative expenses (SG&A) of $23.9 million increased $2.1 million. Operating income of $78.9 million (44.8% of net sales compared to 39.7%) increased $17.2 million. Interest and other financial income increased Show less Read more
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