Allergan up on earnings beat and improved guidance

2 November 2017

Allergan (NYSE: AGN) closed more than 4% up on Wednesday at $184.58 after presenting its third-quarter 2017 results.

The Ireland-incorporated drugmaker reported earnings that exceeded the expectations of Wall Street analysts, with its quarterly revenue close to the level predicted.

Revenue rose to $4.03 billion, up 11.4% on the third quarter of 2017, with the company reporting a net loss of $4.03 billion or $12.07 per share, compared with a profit of $15.15 billion or $38.58 per share a year earlier.

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