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Warner Chilcott Meets in Q1
Warner Chilcott Ltd.'s (WCRX - Snapshot Report) announced first-quarter EPS, excluding items, of 39 cents, which matched the consensus.
Revenues expanded 7% to $246 million, primarily due to the growth of Doryx, Loestrin 24 FE and Estrace Cream.
Warner Chillcott indicated that it continues to expect fiscal 2009 revenues to range between $1.015 billion and $1.025 billion.
The developer of woman healthcare products also affirmed full-year earnings guidance of $1.55 to $1.60 per share, excluding items, which is in-line with the $1.59 consensus derived from 12 analysts.
WCRX, Zacks #3 Rank ("Hold") stock, is about breakeven today with volume of approximately 616,000, which is lower than the average daily volume of about 1.02 million.
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| Market Summary | Nov 22, 2009 04:53 am ET |
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