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Taro Provides Results for Quarter Ended June 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 quarter ended June 30, 2018. Quarter ended June 30, 2018 Highlights - compared to June 30, 2017 Net sales of $154.6 million, decreased $6.7 million, or 4.2%, the result of continuing increased competition and the challenging pricing environment; despite an overall increase in volumes of 11.1%. Gross profit of $100.1 million, decreased $16.5 million and as a percentage of net sales, was 64.7% compared to 72.2%. Research and development expenses of $13.3 million decreased $1.3 million. Selling, marketing, general and administrative expenses of $23.6 million decreased $0.7 million. Operating income of $63.2 million decreased $14.5 million and as a percentage of n Show less Read more
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