Teva posts decline in fourth quarter profits
Teva Pharmaceutical Industries (NYSE: TEVA), the world’s largest generics maker, has reported a decline in fourth quarter profits as sales of its best-selling drug face competition.
The Israeli company, in a statement released today (February 11), reported revenue of $4.88 million for the fourth quarter of 2015, 6% down on the same period in 2014. Earnings per share (EPS) came in at $1.32 compared to $1.33 the previous year.
Analysts had predicted a revenue of $4.83 billion and EPS at $1.29.
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