Shares in Teva Pharmaceutical (NYSE:TEVA) rose today after the pharmaceutical company met expectations on Wall Street with its 4th quarter results.
The Israel-based company posted a loss of -$974 million on sales of $6.49 billion for the 3 months ended Dec. 31, for bottom-line loss of -296% on sales growth of 33% compared with the same period last year.
Adjusted to exclude 1-time items, earnings per share were $1.38, ahead of consensus on The Street, where analysts were looking for sales of $6.24 billion.
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