Hikma stock down nearly 2% as H1 earnings, revenue fall
Shares in Jordon-based drugmaker Hikma Pharma (LSE: HIK) dropped nearly 2% in early trading Thursday on the London Stock Exchange as the company posted a 21% fall in first half 2015 earnings.
The company, which joined the FTSE earlier this year, reported per share earnings of 67.3 cents against 85.4 cents a year ago.
Revenue fell 4% to $709 million compared with a year ago. Operating profits were down 18% to $194 million versus a year earlier.
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