Teva issues 2015 business outlook short of expectations

11 December 2014

Israel-based generics giant Teva Pharmaceutical Industries (NYSE: TEVA) saw its shares gain 1.17% to $57.05, despite releasing a flat outlook for 2015.

The company expects net revenue in 2015 of between $19.0 and $19.4 billion. Operating income is forecast at $5.7 to $5.9 billion, with earnings per share of $5.00 to $5.30.

This falls short of analysts’ forecast for EPS of $5.06 and revenue of $20.1 billion, according to Thomson Reuters. Teva is forecast to earn $5.06 a share in 2014 on revenue of $20.3 billion, noted Reuters.

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