TEVA Stock Down 7% Despite Q3 Earnings & Sales Beat, Guidance Increase
TEVA(TEVA) ZACKS·2024-11-07 22:50
Teva Pharmaceutical Industries (TEVA) reported third-quarter 2024 adjusted earnings of 69 cents per share, which beat the Zacks Consensus Estimate of 65 cents. Adjusted earnings rose 15% year over year.Revenues for the third quarter came in at $4.33 billion, which beat the Zacks Consensus Estimate of $4.08 billion. Total revenues rose 13% on a reported basis and 15% on a constant currency basis.Sales growth was mainly driven by higher revenues from generic products globally and strong growth from branded dr ...