Teva Pharmaceuticals (NYSE: TEVA) is scheduled to report second quarter 2019 earnings results on Wednesday, August 7, before market open. Analysts expect to report earnings of $0.57 per share on revenue of $4.25 billion.
Teva has been struggling with tough competition and pricing challenges in the generics market and this is expected to continue in the second quarter. Revenue declines in Copaxone as well as other key brands is also expected to hurt the top line numbers. Teva is also likely to see pressure in Europe due to discontinued business operations.
However, the company is expected to benefit from the sales of new products which are likely to partially offset the weakness in other areas. Cost-saving efforts are expected to help margins during the quarter. Updates on the company’s new product launches and approvals for new indications are areas to keep an eye out for.
In the first quarter of 2019, Teva beat earnings estimates but revenues missed expectations. Revenues fell 15% to $4.3 billion while adjusted EPS dropped 36% to $0.60. Revenues decreased in all geographic regions. Generic products and Copaxone saw sales declines across all markets.
For the full year of 2019, Teva has guided for revenues in the range of $17-17.4 billion and adjusted EPS in the range of $2.20-2.50.
Teva’s shares have dropped 50% year-to-date and 17% over the past one month. The majority of analysts have rated the stock Hold and it has a price target of $10.75.
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000