Amneal Pharmaceuticals' Q3 Adjusted Earnings Decline, Revenue Rises

MT Newswires Live11-08

Amneal Pharmaceuticals (AMRX) reported Q3 adjusted earnings Friday of $0.16 per diluted share, down from $0.19 a year earlier.

Four analysts polled by Capital IQ expected $0.14.

Net revenue for the quarter ended Sept. 30 was $702.5 million, up from $620 million a year earlier.

Three analysts polled by Capital IQ expected $693.7 million.

For 2024, the company continues to expect adjusted EPS of $0.57 to $0.63. Four analysts surveyed by Capital IQ expected $0.60.

Full-year net revenue is projected to be $2.70 billion to $2.80 billion. Three analysts polled by Capital IQ expect $2.75 billion.

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