Share “Allergan 2Q profit climbs 16 percent”

Allergan 2Q profit climbs 16 percent

Published on NewsOK Modified: July 21, 2014 at 8:43 am •  Published: July 21, 2014

IRVINE, Calif. (AP) — Allergan Inc. (AGN) on Monday reported profit that climbed by 16 percent in its second quarter, and topped analysts' expectations.

The Irvine, California-based company said earnings increased to $417.2 million, or $1.37 per share, from $359.9 million, or $1.19 per share, in the same quarter a year ago.

Earnings, adjusted for one-time gains and costs, came to $1.51 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.

The company said revenue climbed 17 percent to $1.86 billion from $1.6 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $1.78 billion, according to Zacks.

Allergan shares have increased $56.32, or 51 percent, to $167.40 since the beginning of the year, while the Standard & Poor's 500 index has risen 7 percent. The stock has risen $75.43, or 82 percent, in the last 12 months.

This story was generated automatically by Automated Insights ( using data from Zacks Investment Research. Full AGN report:


Keywords:Allergan,Earnings Report


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