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Teva Pharmaceutical Industries Limited Profit Falls In Q4

Teva Pharmaceutical Industries Limited (TEVA) revealed earnings for fourth quarter that lost ground from last year.

The company said its profit dropped to $1.01 billion, or $0.93 per share. This was down from $1.48 billion, or $1.38 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.76 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.9% to $5.46 billion. This was down from $6.49 billion last year.

Teva Pharmaceutical Industries Limited earnings at a glance:

-Earnings (Q4): $1.01 Bln. vs. $1.48 Bln. last year.
-Earnings Decline (Y-o-Y): -31.8%
-EPS (Q4): $0.93 vs. $1.38 last year.
-EPS Decline (Y-o-Y): -32.6%
-Analysts Estimate: $0.76
-Revenue (Q4): $5.46 Bln vs. $6.49 Bln last year.
-Revenue Change (Y-o-Y): -15.9%

by RTT Staff Writer

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