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Endo (ENDP) Beats Earnings & Revenue Estimates in Q3
November 08, 2016

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Dublin, Ireland-based Endo International plc (ENDP - Free Report) is a specialty pharmaceutical company focused on branded and generic pharmaceuticals products as well as over-the-counter medications through its operating companies. The company has several products including Lidoderm, Opana ER, Supprelin LA and Fortesta Gel in its Branded Pharmaceuticals portfolio.

Endo has implemented a growth-by-acquisition strategy. The company has acquired privately held Par Pharmaceutical, which boosted its generics portfolio and pipeline. The company also acquired a broad portfolio of branded and generic injectable and established products focused on pain, anti-infectives, cardiovascular and other specialty therapeutics areas from a subsidiary of Aspen Holdings.

Endo has been consistently beating earnings expectations. In fact, Endo posted a positive surprise in each of the trailing four quarters, with an average positive surprise of 6.66%.

ENDO INTL PLC Price and EPS Surprise

Currently, Endo has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings Beat: Endo surpassed third-quarter 2016 earnings. The company reported EPS of $1.01 while our consensus called for EPS of 81 cents.

Revenues Beat: Revenues also came in above expectations. Endo posted revenues of $884.3 million, compared to our consensus estimate of $867 million.

2016 Guidance Maintained: Endo reiterated its outlook for 2016. The company continues to expect revenues in the range of $3.87 billion to $4.03 billion. It still expects earnings in the range of $4.50 to $4.80 per share. The Zacks Consensus Estimate for earnings is $4.55 per share on revenues of $3.91 billion in 2016.

Pre-Market Trading: Shares are up around 7% in the pre-market trading.

Check back later for our full write up on this ENDP earnings report later!

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