Endo Health Solutions' (ENDP) Thursday reported a fourth-quarter net loss of $716.26 million, or $6.35 per share, compared to earnings of $36.59 million, or $0.30 per share, a year ago, while adjusted net income improved to $186.5 million, or $1.62 per share, from $168.1 million, or $1.40 per share last year.
Reported net loss included a massive asset impairment charge totaling $714.3 million.
However, total quarterly revenues fell slightly to $801.06 million, from the prior year's $803.40 million.
On average, 21 analysts polled by Thomson Reuters expected earnings per share of $1.55, and $807.98 million in revenue for the quarter. Analysts' estimates typically exclude one-time items.
For the full year 2013, Endo reaffirmed its guidance and continues to expect GAAP earnings per share between $2.22 and $2.52, and adjusted earnings per share between $4.40 and $4.70 on revenues around $2.80 billion and 2.95 billion. Analysts project earnings of $4.55 per share, on revenue of $2.92 billion for 2013.
For comments and feedback: editorial@rttnews.com