Shire plc (SHPG) Tops Q3 EPS by 17c

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October 27, 2017 7:06 AM EDT

Shire plc (NASDAQ: SHPG) reported Q3 EPS of $3.81, $0.17 better than the analyst estimate of $3.64. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.73 billion.

OUTLOOK
"We are reiterating our guidance from Q2 2017.
The guidance incorporates accelerated synergy capture as well as the impact of LIALDA generic competition. Our depreciation estimate for the year is $450 - $500 million, and we anticipate capital expenditures of $800 - $900 million.
The diluted earnings per ADS forecast assumes a weighted average number of 914 million fully diluted ordinary shares outstanding for 2017.
Full Year 2017
US GAAP Outlook
Non GAAP Outlook(1)
Total product sales
$14.3 - $14.6 billion
$14.3 - $14.6 billion
Royalties & other revenues
$600 - $700 million
$600 - $700 million
Gross margin as a percentage of total revenue(2)
67.5% - 69.5%
74.5% - 76.5%
Combined R&D and SG&A
$5.3 - $5.5 billion
$4.9 - $5.1 billion
Net interest/other
$500 - $600 million
$500 - $600 million
Effective tax rate
~7%
16% - 17%
Diluted earnings per ADS(3)
$5.65 - $6.05
$14.80 - $15.20

For earnings history and earnings-related data on Shire plc (SHPG) click here.


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