Watson Pharmaceuticals Inc. (WPI) posted third quarter net income of $63.0 million, or $0.55 per diluted share, compared to $71.1 million or $0.62 per share in the prior year quarter.
Excluding special items, adjusted net income for the quarter was $76.1 million or $0.66 per share, compared to $54.0 million or $0.47 per share in last year quarter.
On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $0.65 per share. Analysts' estimates typically exclude special items.
Net revenue for the quarter was $662.1 million, compared to $640.7 million last year. Fourteen Wall Street analysts expected revenues of $688.53 million.
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