Endo Health Solutions Inc.,(ENDP), a provider of specialty healthcare solutions, reversed to a profit in the first quarter from loss last year, while adjusted earnings per share came in line with estimates. The company further affirmed its full year view.
For the three-month period, the firm reported net income of $15 million or $0.14 per share, compared with the loss of $106 million or $0.75 per share for the corresponding period last year. The net income for the period included a charge of $68 million for the period to reflect the impact of an accrual for certain product liability claims.
On an adjusted basis, the firm reported net income of $123 million or $1.09 per share for the quarter. On average, nineteen polled by Thomson Reuters expected earnings per share of $1.09 for the first quarter. Analysts' estimates typically exclude one-time items.
The firm generated revenues of $709 million compared with $691 million reported during the comparable period last year. The Street expected the firm to report revenues of $739.9 million for the quarter.
For the year, the company still expects earnings in the range of $4.40 to $4.70 per share and revenues of $2.80 billion to $2.95 billion. Analysts expect earnings per share of $4.50 on revenues of $2.90 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.