Takeda Raises 2024 Outlook: Now Expects Revenue Of ¥4.48T (Prior ¥4.35T) Vs. ¥4.497T Est.; And Core EPS Of ¥456 (Prior ¥431); Sees Adjusted Free Cash Flow Of ¥400B-¥500B (Prior ¥350B - ¥450B)
Portfolio Pulse from Benzinga Newsdesk
Takeda has raised its FY2024 outlook, expecting higher revenue and core EPS due to milder generic erosion of VYVANSE and strong business momentum. The company now forecasts revenue of ¥4.48 trillion and core EPS of ¥456, with adjusted free cash flow between ¥400 billion and ¥500 billion.
October 31, 2024 | 6:50 am
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Takeda has upgraded its FY2024 financial outlook, expecting higher revenue and core EPS due to less impact from generic competition and strong business performance.
Takeda's revised guidance indicates improved financial performance, driven by less than expected generic competition for VYVANSE and strong business momentum. This positive outlook is likely to boost investor confidence and support short-term stock price appreciation.
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