Unspectacular Teva results brightened by wider prospects

9 May 2024

Israeli drugmaker Teva Pharmaceutical Industries (NYSE: TEVA) missed estimates relating to earnings and exceeded expected revenue levels in presenting its first-quarter 2024 financial results.

The earned $0.48 per share, excluding one-time items, in the first quarter, up from $0.40 per share a year earlier.

"I am proud of the significant strides we have been making"Revenue rose 4% to $3.82 billion. Analysts had forecast earnings of $0.51 per share on revenue of $3.73 billion, LSEG data showed.

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