DUBLIN (dpa-AFX) - Elan Corp., plc (ELN, ELA.L) posted fourth-quarter net loss of $134.7 million or $0.23 per share, wider than $52.2 million or $0.09 per share a year ago.
Net loss for the recent quarter was impacted by other net charges of $22.0 million, a net charge on debt retirement of $47.0 million, and a non-cash U.S. state tax charge of $40.0 million related to the write-down of U.S. state deferred tax assets.
On average, three analysts polled by Thomson Reuters expected the company to report loss of $0.03 per share. Analysts' estimates typically exclude special items.
Total revenue declined to $271.0 million from $308.9 million a year ago. Total revenue pro forma, excluding EDT, for the quarter increased 18% to $271.0 million, from $230.4 million in the same period in 2010, as a result of a 14% increase in Tysabri global in-market net sales to $379.6 million from $333.4 million a year ago.
Analysts estimated revenues of $285.78 million.
Going ahead, Elan expects revenues for 2012 in the range of $1.2 billion to $1.25 billion. Elan expects to generate adjusted EBITDA in 2012 of greater than $200 million, a greater than 35% increase over pro forma 2011, excluding EDT. Analysts expect the company to report revenues of $1.27 billion.
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