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Portfolio Pulse from Vandana Singh
Teva Pharmaceutical Industries Ltd's Q2 sales reached $3.88 billion, up 2% Y/Y, slightly beating the consensus of $3.70 billion. The company's adjusted EPS of $0.56 came ahead of the Wall Street estimate of $0.54. Teva revised its FY23 revenue forecast to $15.0-$15.4 billion from $14.8-$15.4 billion. The company's shares are up 10% at $9.12 on the last check Wednesday.
August 04, 2023 | 11:22 am
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POSITIVE IMPACT
Teva's Q2 sales and EPS beat estimates, and the company revised its FY23 revenue forecast upwards. This positive news has led to a 10% increase in the company's share price.
Teva's better than expected Q2 results and upward revision of its FY23 revenue forecast are positive indicators of the company's performance and future prospects. This has likely contributed to the increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100