UPDATE: Actavis Posts Upbeat Q4 Earnings

Actavis PLC ACT posted a loss in the fourth quarter. Actavis swung to a quarterly loss of $148.4 million, or $0.86 per share, versus a year-ago profit of $28 million, or $0.21 per share. Excluding one-time items, its adjusted earnings came in at $3.17 per share. Its revenue surged 59% to $2.78 billion. However, analysts were estimating a profit of $3.05 per share on revenue of $2.67 billion. Actavis shares gained 5.39% to $212.33 in pre-market trading.