Teva Pharmaceutical Industries Beats By a Penny, Revenue up 25% (TEVA)

11/3/2009 - Teva Pharmaceutical Industries (NASDAQ:TEVA) reported Q3 EPS of $0.89, ex-items, beating consensus analyst estimates of $0.88. Revenue for the quarter rose 24.9% year-over-year to $3.55 billion, falling short of consensus estimates of $3.63 billion. President and CEO Shlomo Yanai said, "This was another very strong quarter for Teva, with record-breaking financial results across the board . . . In fact, for the first time, we crossed the billion dollar mark in quarterly cash flow from operations. All of our business units and geographies continued to grow during the quarter, with especially strong sales of CopaxoneA(R), which continued to strengthen its position as the worldaEUR(TM)s leading therapy for the treatment of multiple sclerosis, and of ProAir(TM), the leading Albuterol inhaler in the U.S.aEUR

Write to Chip Brian at cbrian@tradethetrend.com

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