Teva Pharma (TEVA) Tops Q2 EPS by 12c, Offers Guidance

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Teva Pharma (TEVA) Shares Surge on Proposed Opioid Settlement, Earnings Beat

July 27, 2022 11:44 AM EDT

Shares of Teva Pharma (NYSE: TEVA) jumped over 24% in early Wednesday trading following the announcement of its second-quarter results and an agreement, in principle, on a nationwide opioid settlement.

The company beat earnings and revenue forecasts, posting a profit of $0.68 per share on revenue of $3.79 billion. Analysts expected earnings per share of $0.56 on revenue of $3.78 billion.

However, it is the company's opioid settlement announcement that has caught the attention of... More