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Allergan: 2Q Earnings Snapshot

August 6, 2019

DUBLIN (AP) _ Allergan PLC (AGN) on Tuesday reported a loss of $1.76 billion in its second quarter.

The Dublin-based company said it had a loss of $5.37 per share. Earnings, adjusted for non-recurring costs, came to $4.38 per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.34 per share.

The Botox maker posted revenue of $4.09 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $3.94 billion.

Allergan expects full-year revenue in the range of $15.43 billion to $15.63 billion.

Allergan shares have increased 20% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 13%. The stock has dropped 14% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGN at https://www.zacks.com/ap/AGN

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