Allergan says sees over $8 billion in revenues for H2

30 September 2015

Allergan (NYSE: AGN) has said it sees second-half revenues of over $8 billion following the sale of its generics business to Israel-based Teva Pharmaceutical Industries (NYSE: TEVA), ahead of analyst estimates.

The company said it plans to report its generics business as discontinued operations in the third quarter. The sale is expected to close in the first quarter of 2016.

Allergan said it expects adjusted earnings of $6.25 to $6.65 per share for the second half.

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