Tuesday, Hospira Inc. (HSP) reported third-quarter net income of $116.2 million or $0.71 per share, compared to net income of $81.8 million or $0.51 per share in the same quarter last year.
On an adjusted basis, net income was $147.4 million or $0.90 per share, compared to $101.5 million or $0.63 per share in the year ago quarter.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.69 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter was $1.0 billion, up 8.9% from $925.5 million in the comparable quarter last year. Analysts expected the company to report revenue of $936.22 million for the quarter.
Looking ahead to the full year 2009, the company expects to report adjusted earnings in the range of $2.85 - $2.90 per share, compared to prior guidance of $2.70 - $2.75 per share. Earnings are expected to be in the range of $2.25 - $2.30 per share, compared to the previous guidance range of $2.10 - $2.15 per share. Analysts currently anticipate the company to earn $2.84 per share.
The company said, for the full year 2009, it expect net sales to increase approximately 5% - 7% on a constant-currency basis. Including the impact of foreign exchange, the company expects net sales to be slightly up. Previously the company said it expects net sales to increase about 4% - 6% on a constant-currency basis. Analysts currently anticipate the company to report revenue of $3.73 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.