Market Overview

UPDATE: Valeant Posts Upbeat Q4 Profit

Share:
Related VRX
Morgan Stanley Lifts Target On Valeant From $235 To $284
Stocks Hitting 52-Week Highs
Mandel's Lone Pine Takes Stake in Growing Horizon Pharma (GuruFocus)

Valeant Pharmaceuticals International (NYSE: VRX) posted a profit in the fourth quarter.

Valeant posted its quarterly net income of $123.8 million, or $0.36 per share, versus a year-ago loss of $89.1 million, or $0.29 per share. Excluding one-time items, it earned $2.15 per share.

Its revenue jumped to $2.06 billion. However, analysts were projecting a profit of $2.06 per share on revenue of $2.06 billion.

Valeant shares gained 1.94% to $149.14 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (VRX)

Get Benzinga's Newsletters