Teva (TEVA) Q4 Earnings In Line, Sales Beat, Stock Up
Zacks Investment Research | Feb 11, 2020 09:05PM ET
Israel-based Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) is a global pharmaceutical company with a strong presence in the generics as well as branded markets. The company’s branded products include Copaxone (multiple sclerosis - MS), Austedo (chorea associated with Huntington’s disease and tardive dyskinesia), respiratory products like ProAir and Qvar and Ajovy (preventive treatment of migraine).
Teva is facing significant challenges in the form of accelerated generic competition for Copaxone, new competition for branded products, pricing erosion in the U.S. generics business and a massive debt load. However, it has made impressive progress on restructuring activities and has a more stable financial position than before. However, we believe the company has a long way to go before it gains stability.
Teva’s earnings surpassed expectations in two of the last four reported quarters while missing in the other two, with the average negative surprise being 0.45%.
Currently, TEVA has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. You can see Teva Pharmaceutical Industries Ltd. Quote
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