Taro Pharma (TARO) Reports Q2 EPS of $3.00
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Taro Provides Results for September 30, 2016
November 8, 2016 5:32 PM ESTHAWTHORNE, N.Y.--(BUSINESS WIRE)-- Taro Pharmaceutical Industries Ltd. (NYSE: TARO) (Taro or the Company) today provided unaudited financial results for the three and six months ended September 30, 2016.
Quarter ended September 30, 2016 Highlights - compared to September 30, 2015
Net sales of $228.8 million, increased $16.7 million or 7.9%, driven by increased volumes in the U.S. generic business. The 2015 net sales were negatively impacted by a $19.6 million net charge taken to meet contractual obligations associated with price adjustments. On a pro-forma basis, adjusting 2015 net sales for the price protection provision, net sales would have decreased 1.2%.... More