Forest Labs Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Forest Labs (NYSE:FRX) will unveil its latest earnings tomorrow, Tuesday, January 15, 2013

Forest Labs Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 13 cents per share, a swing from profit of $1.04 in the year-earlier quarter. During the past three months, the average estimate has moved down from 14 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 13 cents during the last month. Analysts are projecting profit to rise by 93.3% versus last year to 26 cents.

Last quarter, the company came in at net income of 15 cents per share against a mean estimate of 0 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by 4 cents.

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A Look Back: In the second quarter, profit fell 91.7% to $20.8 million (8 cents a share) from $249.8 million (91 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 34.7% to $760.6 million from $1.16 billion.