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Spectrum Pharma Q4 Profit Up - Quick Facts

Spectrum Pharmaceuticals, Inc. (SPPI) reported fourth-quarter profit of $8.28 million or $0.13 per share versus $4.44 million or $0.08 per share last year.

Adjusted earnings per share were up to $0.24 from $0.19 in the same quarter last year.

On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.31 per share. Analysts' estimates typically exclude special items.

Total revenues grew to $52.98 million from $33.95 million in the prior-year quarter. Analysts estimated revenues of $52.73 million.

by RTT Staff Writer

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British drug maker AstraZeneca Plc reported Friday higher profit in its first quarter, reflecting lower charges and higher revenues. US and emerging markets performed well. Looking ahead, for fiscal 2016, the company continues to expect both revenue and earnings per share to decline a low to mid single-digit percentage at constant exchange rates. International Consolidated Airlines Group S.A. Friday reported profit for the first quarter, compared to loss in the prior year, mainly reflecting higher passenger revenues and increased capacity. For fiscal 2016, IAG still expects to generate an absolute operating profit increase similar to 2015 as it expects to reduce underlying ex-fuel unit costs by around one percent. French drug maker Sanofi reported Friday a higher profit in its first quarter, while net sales were hurt mainly by weak results in Diabetes unit and Venezuela. Excluding Venezuela. Aggregate Group sales increased 3 percent at constant exchange rates. Looking ahead, the company continues to expect 2016 business earnings per share to be broadly stable at CER.
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