India-based Dr. Reddy’s Laboratories Ltd. (RDY Quick QuoteRDY - Free Report) is an integrated global pharmaceutical company engaged in providing affordable and innovative medicines. The company enjoys a strong position in the generics market.

Currently, Dr. Reddy’s has a Zacks Rank #4 (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: Dr. Reddy’s third quarter fiscal 2019 earnings of 41 cents per share, compared with 29 cents reported in the year ago quarter.

Revenues Beat: Dr. Reddy’s posted revenues of $553 million an increase of 1.1% year over year.

Key Statistics:Revenues from Global Gereics segment increased 4% year over year, and from the Pharmaceutical Services and Active Ingredients (PSAI) segment increased 9% year over year. Sales from the Proprietary Products segment declined 66% from the year ago quarter.

Pre-Market Trading: Shares increased 2.6% in pre-market trading.

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

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