Taro Provides Results for Quarter Ended June 2018
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Taro Pharma (TARO) Misses Q1 EPS by 62c, Revenues Miss
August 9, 2018 5:51 PM EDTTaro Pharma (NYSE: TARO) reported Q1 EPS of $1.71, $0.62 worse than the analyst estimate of $2.33. Revenue for the quarter came in at $154.6 million versus the consensus estimate of $179.54 million.
Net sales of $154.6 million, decreased $6.7 million, or 4.2%, the result of continuing increased competition and the challenging pricing environment; despite an overall increase in volumes of 11.1%.Gross profit of $100.1... More