Movement Alert|Teva Pharmaceutical Rises 5.15% in Pre-Market Trading, Q2 Revenue Beats Expectations Despite Significant EPS Miss

Market Focus
07/29

On July 29, Teva Pharmaceutical rose 5.15% in pre-market trading, trading at $33.3/share, with turnover of $856,100.

The movement was primarily driven by the company's Q2 earnings release. Teva reported quarterly revenue of $4.142 billion, exceeding the analyst consensus estimate of $4.047 billion. However, adjusted earnings per share came in at just $0.02, missing the consensus estimate of $0.25 by 92% and representing a nearly 97% decline from $0.66 per share in the year-ago period. Despite the significant EPS shortfall, the top-line beat appears to be supporting pre-market price action.

The company had previously delivered a strong Q1, with adjusted EPS of $0.53 beating the $0.48 estimate by over 10% on revenue of $3.982 billion. Full-year Non-GAAP EPS guidance remains at $1.91 to $2.11. Recent pipeline developments include exclusive rights to commercialize Polpharma's biosimilar candidate to Ocrevus, an NDA submission for ecopipam in pediatric Tourette syndrome, and the European launch of Eylea biosimilar Ahzantive.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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