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Allergan beats 3Q profit forecasts

Allergan posts 3Q profit of $5.3 billion, result tops expectations

Allergan beats 3Q profit forecasts

DUBLIN (AP) -- Allergan PLC (AGN) on Wednesday reported third-quarter net income of $5.3 billion, after reporting a loss in the same period a year earlier.

On a per-share basis, the Dublin-based company said it had profit of $13.29. Earnings, adjusted for one-time gains and costs, were $3.48 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.20 per share.

The Botox maker posted revenue of $4.09 billion in the period.

Allergan shares have risen 20 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2.5 percent. The stock has risen 25 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGN at http://www.zacks.com/ap/AGN

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Keywords: Allergan, Earnings Report


Updated : 2021-09-21 07:34 GMT+08:00