PETAH TIKVA (dpa-AFX) - Teva Pharmaceutical Industries Limited (TEVA), Wednesday announced the fourth quarter financial results, reporting net profit of $480 million, or $0.41 per share, attributable to the company, compared with net loss of $217 million, or $0.19 per share, last year.
On an adjusted basis, earnings increased to $1.130 billion, or $0.96 per share, from $816 million, or $0.71 per share, in the previous year.
Analysts, on average, estimated earnings of $0.64 per share for the quarter.
Revenue went up to $4.711 billion from $4.229 billion in the prior year, mainly due to development milestone payments received in connection with the initiation of Phase 3 studies for duvakitug and from higher revenues from our key innovative products.
Looking ahead, the company sees full year 2026 revenue outlook of $16.4 - $16.8 billion and adjusted earnings of $2.57 - $2.77 per share.
On average, analysts anticipate earnings of $2.77 per share and revenue of $16.99 billion for the full year 2026.
In the pre-market hours, TEVA is trading at $32.55, up 0.08 percent on the New York Stock Exchange.
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