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AGN Allergan plc

193.02
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Allergan plc NYSE:AGN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 193.02 0 01:00:00

Allergan Tops 4Q Forecasts For Revenue, Adjusted Profit

10/02/2020 12:46pm

Dow Jones News


Allergan (NYSE:AGN)
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By Micah Maidenberg

 

Allergan PLC (AGN) reported stronger-than-expected revenue and a smaller loss for the fourth quarter.

The maker of Botox and other drugs on Monday reported $4.35 billion in revenue for the quarter, up about 7% from the year earlier and more than the $4.09 billion analysts polled by FactSet predicted.

Allergan said its loss attributable to shareholders narrowed to $317.2 million, or 97 cents a share, from $4.29 billion, or $12.83 a share, in the fourth quarter of 2018, when the company recorded impairments, affecting results.

Allergan's adjusted earnings for the latest period of $5.22 a share beat forecasts from analysts, who expected $4.57 a share on that metric.

AbbVie Inc. (ABBV) plans on combining with Allergan in a deal the companies believe will be completed in the first quarter.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

February 10, 2020 07:31 ET (12:31 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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