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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 |
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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