Actavis Plc Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Actavis plc (ACT) reported second-quarter net income to ordinary shareholders of $48.7 million or $0.28 per share, compared to a loss of $564.8 million or $4.27 per share, a year ago. On a non-GAAP basis, earnings per share for the second quarter 2014 was $3.42.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $3.37 for the quarter. Analysts' estimates typically exclude special items.

Net revenues were $2.67 billion, compared to $1.99 billion, a year ago. Analysts expected revenue of $2.55 billion for the quarter. For full year 2014, Actavis expects earnings per share of between $13.02 and $13.32. Analysts expect the company to report 2014 earnings per share of $13.73.

For fiscal 2015, the company expects net revenue to be approximately $15 billion. Non-GAAP earnings per share is expected to be between $15.60 and $16.80. Analysts expect the company to report 2015 profit per share of $16.61 on revenue of $15.59 billion.