Teva Pharmaceutical Industries (NYS: TEVA) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Teva Pharmaceutical Industries missed slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Margins expanded across the board.
Teva Pharmaceutical Industries reported revenue of $4.99 billion. The 20 analysts polled by S&P Capital IQ predicted a top line of $5.08 billion on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $4.21 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.28. The 26 earnings estimates compiled by S&P Capital IQ forecast $1.28 per share. GAAP EPS of $0.99 for Q2 were 55% higher than the prior-year quarter's $0.64 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 53.2%, 100 basis points better than the prior-year quarter. Operating margin was 21.3%, 70 basis points better than the prior-year quarter. Net margin was 17.3%, 360 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $5.14 billion. On the bottom line, the average EPS estimate is $1.29.
Next year's average estimate for revenue is $20.58 billion. The average EPS estimate is $5.38.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,484 members out of 2,553 rating the stock outperform, and 69 members rating it underperform. Among 518 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 513 give Teva Pharmaceutical Industries a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teva Pharmaceutical Industries is outperform, with an average price target of $50.80.
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The article Teva Pharmaceutical Industries Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.
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