Teva Pharmaceutical Industries Ltd (TEVA) Announces Quarterly Earnings Results, Beats Estimates By $0.16 EPS
Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA) posted its quarterly earnings results on Thursday. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.16, Stock Ratings News reports. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis.
A number of research firms have recently commented on TEVA. Analysts at TheStreet upgraded shares of Teva Pharmaceutical Industries Ltd from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 29th. On the ratings front, analysts at CRT Capital raised their price target on shares of Teva Pharmaceutical Industries Ltd from $50.00 to $55.00 in a research note to investors on Wednesday, January 29th. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Teva Pharmaceutical Industries Ltd from $47.00 to $50.00 in a research note to investors on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Teva Pharmaceutical Industries Ltd presently has an average rating of “Hold” and a consensus price target of $45.15.
Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA) is a global pharmaceutical and drug company.
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