Forest Laboratories Cuts 2013 Profit View: Shares Drop In Pre-Market Trading
Shares of Forest Laboratories Inc (NYSE: FRX) dropped more than 7% in pre-market trading after the company cut its 2013 profit forecast.
Forest Laboratories cut its 2013 profit forecast to $0.65 to $0.80 per share, versus analysts' estimates of $1 per share.
FRX shares declined 7.96% to $32.85 in the pre-market session.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.