Warner Chilcott plc (WCRX) Misses Q3 EPS by 1c; Lowers FY11 R&D Expense Outlook
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Warner Chilcott plc (NASDAQ: WCRX) reported Q3 EPS of $0.89, $0.01 worse than the analyst estimate of $0.90. Revenue for the quarter came in at $655 million versus the consensus estimate of $655.27 million.
Warner is lowering its expectations for total R&D expense from a range of $120 million to $140 million, to a range of $110 million to $130 million, due primarily to changes in the expected timing of expenses with respect to projects under development.
Warner is lowering its expectations for total R&D expense from a range of $120 million to $140 million, to a range of $110 million to $130 million, due primarily to changes in the expected timing of expenses with respect to projects under development.
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