Amneal Pharmaceuticals Stock Gaines: It Raised FY23 Outlook On Prescription Trends, Pricing Levels Strength
Portfolio Pulse from Vandana Singh
Amneal Pharmaceuticals Inc (AMRX) reported Q2 revenue of $599 million, a 7% Y/Y increase, beating the consensus of $562.49 million. The growth was driven by generics' growth, new product launches, and expansion across AvKARE. The company raised its FY23 revenue guidance to $2.30-$2.40 billion, up from the prior guidance of $2.25-$2.35 billion. AMRX shares are up 9.53% at $3.68.
August 04, 2023 | 3:29 pm
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Amneal Pharmaceuticals reported strong Q2 results and raised its FY23 outlook, leading to a rise in its stock price.
Amneal Pharmaceuticals reported better than expected Q2 results and raised its FY23 outlook, which is a positive signal to investors and can lead to increased demand for the stock, thus driving up its price.
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