Stronger-than-expected sales of Botox lift Allergan

26 July 2018

Best known for its Botox, Ireland-incorporated Allergan (NYSE: AGN) released its second-quarter 2018 financials today, with net revenue rising 2.9% to $4.12 billion, so beating average estimates of $3.92 billion.

Allergan reported a smaller net loss attributable to ordinary shareholders of $472.5 million, or $1.39 per share, in the second quarter ended June 30, from $795.5 million, or $2.37 per share, a year ago. Excluding one-time items, the drugmaker earned $4.42 per share, topping analysts’ average estimate of $4.13.

Allergan's shares rose about 2%to $180.43 premarket today, but drifted back as the morning went by.

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