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UPDATE: Actavis Posts Upbeat Q4 Earnings

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Actavis PLC (NYSE: 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.

 

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