Allergan (AGN) Tops Q1 EPS by 2c, Guides for Q2 and FY, Approves 2-for-1 Stock Split

May 2, 2007 9:10 AM EDT Send to a Friend
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Allergan, Inc. (NYSE: AGN) reports Q1 adjusted EPS of $0.92, 2 cents better than estimates. Revenues were $872.4 million vs. $839.47 million consensus.

For the second quarter of 2007, Allergan estimates: Total product net sales between $910 million and $930 million. Adjusted diluted earnings per share guidance between $0.99 and $1.01. (Revenue consensus is $894.41 million and EPS consensus is $1.06)

AGN increases guidance to full-year sales between $3.505-3.665 billion and adjusted EPS between $4.28-4.32 (Consensus is $358 billion and EPS consensus is $4.33)

Allergan also announced that its Board of Directors has declared a first quarter dividend of $0.10 per share, payable on June 8, 2007 to stockholders of record on May 18, 2007, and a 2-for-1 stock split, to be effected in the form of a one hundred percent (100%) stock dividend, payable on June 22, 2007 to stockholders of record on June 11, 2007.

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Earnings, Guidance, Stock Splits

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