Shire (NAS: SHPG) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Shire missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share expanded significantly.
Gross margins were steady, operating margins grew, net margins grew.
Shire logged revenue of $1.10 billion. The 17 analysts polled by S&P Capital IQ predicted revenue of $1.16 billion on the same basis. GAAP reported sales were 1.3% higher than the prior-year quarter's $1.09 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 $1.36. The 16 earnings estimates compiled by S&P Capital IQ predicted $1.47 per share. GAAP EPS of $0.40 for Q3 were 18% higher than the prior-year quarter's $0.34 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 84.7%, about the same as the prior-year quarter. Operating margin was 24.6%, 10 basis points better than the prior-year quarter. Net margin was 20.6%, 280 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.20 billion. On the bottom line, the average EPS estimate is $1.52.
Next year's average estimate for revenue is $4.73 billion. The average EPS estimate is $6.15.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shire is outperform, with an average price target of $99.58.
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The article The Gory Details on Shire's Double Miss originally appeared on Fool.com.
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