Teva Pharm first-quarter profit rise tops estimates
The logo of Teva Pharmaceutical Industries is displayed at the company headquarters in Tel Aviv, Israel, February 20, 2024. REUTERS/Dylan Martinez/ File Photo Purchase Licensing Rights , opens new tab
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Teva Pharmaceutical Industries Ltd
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JERUSALEM, May 7 (Reuters) - Teva Pharmaceutical Industries (TEVA.TA)
, opens new tab reported a slightly larger than expected rise in first-quarter profit, helped by strong sales gains in a trio of its branded drugs to treat migraines, Huntington's disease and schizophrenia.
The world's largest generic drugmaker said on Wednesday it earned 52 cents per diluted share, excluding one-time items, in the January-March quarter, up from 48 cents a share a year earlier. Revenue rose 2% to $3.89 billion.
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Analysts had forecast earnings of 46 cents per share ex-items for the Israel-based company on revenue of $3.99 billion, LSEG I/B/E/S data showed.
Teva said that confirmed U.S. tariffs were expected to have an immaterial financial impact.
Reporting by Steven Scheer, Editing by Louise Heavens
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