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Earnings Outlook: Teva Pharmaceuticals reports earnings on Wednesday. Here’s what to expect [MarketWatch]

Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) 
Last teva pharmaceutical industries limited american depositary shares earnings: 2/13 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.tevapharm.com
Company Research Source: MarketWatch
Teva Pharmaceuticals reports earnings on Wednesday. Here’s what to expect Teva Pharmaceuticals Industries Ltd. is expected to report declining second-quarter earnings on Wednesday — and it doesn’t seem like the downward trend will change any time soon. Analysts polled by FactSet expect the embattled generic drugmaker TEVA, -0.38% to report per-share earnings of 57 cents, down from 78 cents a share in the year-earlier quarter. Sales are expected to fall around 10% to $4.247 billion from $4.701 billion a year ago. Shares of Israeli-owned Teva have plummeted 50% this year, echoing the moves of other drugmakers with exposure to the generics market. Amneal Pharmaceuticals Inc.’s AMRX, -7.08% stock AMRX, -7.08% has fallen around 78%, while Mylan NV’s MYL, -2.47% stock has lost around 30%. Shares of Endo International Plc ENDP, -4.36% have dropped 61%. Generic drugmakers have struggled in the past few years with sinking generic drug prices and increasing competition. Recent la Show less Read more
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