logo
  Join        Login             Stock Quote

Warner Chilcott (WCRX) Raises 2012 Guidance, Q3 Profit Rises

 November 09, 2012 08:13 AM
 


(By Balachander) Warner Chilcott Plc (NASDAQ: WCRX) lifted its earnings forecast after the women healthcare company posted an increase in net income for the third quarter.

Earnings were $113 million or $0.45 per share for the third quarter, compared with $33 million or $0.13 per share in the comparable period of last year.

Adjusted cash net income (CNI) was 99 cents a share for the three months ended Sept. 30, 2012.

Revenue fell 7 percent to $606 million as revenue of postmenopausal osteoporosis treatement ACTONEL declined 28 percent and decreases in the U.S. oral bisphosphonate market.

Wall Street analysts, on average, expected earnings of $0.78 per share on revenue of $600 million.

[Related -Merger Arbitrage Mondays – June 3, 2013]

Selling, general and administrative fell 15 percent. The company recorded restructuring costs of $45 million in the year-ago period.

Looking ahead for the full year, the Ireland-based company now expects adjusted CNI per share in the range of $3.75 to $3.85 from prior expectations of $3.55 to $3.65. Revenue is still projected to be between $2.40 billion and $2.50 billion.

Analysts expect earnings of $3.69 per share on revenue of $2.50 billion for 2012.

The company's other principal products include ATELVIA to treat postmenopausal osteoporosis; LOESTRIN 24 FE and LO LOESTRIN FE, which are oral contraceptives for the prevention of pregnancy; ESTRACE cream, a vaginal cream for the treatment of vaginal and vulvar atrophy.

WCRX shares, which have been trading in the 52-week range of $11.21 to $23.28, closed at $11.46 on Thursday.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageRussell 2000 Showing Relative Weakness at the New Highs

A quick “Quad Index” Grid shows us that the small-cap Russell 2000 is showing relative strength to the read on...

article imageThe Poster Boy For Liberal Economics Discovers The Tax Factor

Paul Krugman seems to be having a supply-side-economics moment… sort of. Raising taxes, the NY Times read on...

article imageMacroprudential Policy And Distribution Of Risk

There is very little doubt that housing prices and leverage played a strong role in the global financial read on...

article imageIs the World Turning Japanese?

Many really think so, but reality suggests read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.