Forest Laboratories Inc.'s (FRX) third-quarter net income stood at $210.23 million compared with $187.97 million last year.
Third-quarter reported earnings per share increased to $0.69 from $0.62, while non-GAAP earnings per share decreased to $0.97 from $1.03 in the year earlier quarter. On average, 27 analysts polled by Thomson Reuters expected earnings per share of $0.86 for the quarter. Analysts' estimate typically excludes one-time items.
Net sales for the quarter grew 8.4% to $997.0 million from $920.01 million in the year-ago period. Eighteen analysts estimated revenues of $1.04 billion for the quarter.
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