UPDATE: Taro Pharma (TARO) Reports Q1 EPS of $2.59
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Taro Provides Results for Quarter Ended June 2016
August 10, 2016 5:12 PM EDTHAWTHORNE, N.Y.--(BUSINESS WIRE)-- Taro Pharmaceutical Industries Ltd. (NYSE: TARO) (Taro or the Company) today provided unaudited financial results for the quarter ended June 30, 2016.
Quarter ended June 30, 2016 Highlights - compared to June 30, 2015
Net sales of $233.8 million, increased $18.5 million or 8.6%, with slightly decreased volumes. The 2015 net sales were negatively impacted by a $14 million provision for price protections. Gross profit of $182.8 million, increased $11.0 million Research and development (R&D) expenses increased 23.2% to $17.9 million Selling, marketing, general and administrative expenses were slightly decreased... More