Plus   Neg

Elanco Animal Health Narrows FY19 Outlook Range - Quick Facts

While reporting financial results for the second quarter on Tuesday, Elanco Animal Health Inc. (ELAN) narrowed its adjusted earnings and revenue guidance range for the full-year 2019. This primarily reflects the increased headwind from African Swine Fever and anticipated supply disruption of certain injectable cattle products offset by the positive impact from business development actions.

For fiscal 2019, the company now projects adjusted earnings in the range of $1.04 to $1.10 per share on net sales between $3.08 billion and $3.12 billion.

Previously, the company expected adjusted earnings in the range of $1.02 to $1.12 per share on net sales between $3.08 billion and $3.14 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.09 per share on net sales of $3.11 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Dunkin' Brands Group said it is rolling out the Beyond Sausage Sandwich to more than 9,000 restaurants nationwide, starting November 6. The sandwich features a plant-based sausage patty from alternative meat maker Beyond Meat. Beyond Meat's breakfast sausage patty is made with plant-based protein and a mix of spices crafted specifically for Dunkin'. Boeing said it understands and regrets the concern caused by the publications of instant messages involving a former test pilot that he "unknowingly" lied to regulators about a flight-control system on the Boeing 737 Max aircraft. The aircraft maker said it especially regrets the difficulties that the release of the messages presented for the U.S. Federal Aviation Administration or FAA. Boeing said Sunday that it had informed the Federal Aviation Administration and international regulators on multiple occasions about the expanded role of the flight-control software in 737 MAX, which was linked to two fatal crashes that killed 346 people.
Follow RTT