Endo International Raises FY18 Outlook - Quick Facts

(RTTNews) - Endo International plc (ENDP) on Wednesday raised its fiscal 2018 guidance for adjusted earnings from continuing operations to a range of $2.50 to $2.60 per share from the prior forecast range of $2.15 to $2.55 per share.

Total revenues are now projected to be between $2.75 billion and $2.85 billion, up from the previous guidance range of $2.6 billion to $2.8 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.42 per share on revenues of $2.75 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company reported a net loss from continuing operations of $52 million or $0.23 per share, sharply narrower than $696 million or $3.12 per share in the prior-year quarter. Adjusted income from continuing operations was $0.76 per share, compared to last year's $0.93 per share. Total revenues declined 18 percent to $714.70 million from last year's $875.73 million.

Analysts expected quarterly earnings of $0.54 per share on revenues of $678.35 million.