Actavis Earnings: Everything You Must Know Now

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Actavis (NYSE:ACT) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Actavis Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 21.34% to $1.99 in the quarter versus EPS of $1.64 in the year-earlier quarter.

Revenue: Rose 24.35% to $1.9 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Actavis reported adjusted EPS income of $1.99 per share. By that measure, the company beat the mean analyst estimate of $1.86. It missed the average revenue estimate of $1.97 billion.

Quoting Management: “The new Actavis is off to a strong start in 2013, and as a result, we are increasing our 2013 forecast based on the strong performance and execution against our objectives to date,” said Paul Bisaro, President and CEO.

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business