Teva Pharmaceutical beats Q3 top and bottom line estimates, raises outlook

seekingalpha
06 Nov 2024
  • Teva Pharmaceutical press release (NYSE:TEVA): Q3 Non-GAAP EPS of $0.69 beats by $0.03.
  • Revenue of $4.3B (+11.7% Y/Y) beats by $170M.
  • Outlook for 2024 Non-GAAP Results

    $ billions, except EPS or as noted

    November 2024 Outlook

    July 2024 Outlook

    February 2024 Outlook

    Revenues*

    $16.1 - $16.5

    $16.0 - $16.4

    $15.7 - $16.3

    AUSTEDO ($m)*

    ~1,600

    ~1,600

    ~1,500

    AJOVY ($m)*

    ~500

    ~500

    ~500

    UZEDY ($m)*

    ~100

    ~80

    ~80

    COPAXONE ($m)*

    ~500

    ~450

    ~400

    Operating Income

    4.2 - 4.5

    4.1 - 4.5

    4.0 - 4.5

    Adjusted EBITDA

    4.7 - 5.0

    4.6 - 5.0

    4.5 - 5.0

    Finance Expenses ($m)

    ~1,000

    ~1,000

    ~1,000

    Tax Rate

    14% - 17%

    14% - 17%

    14% - 17%

    Diluted EPS ($)

    2.40 - 2.50

    2.30 - 2.50

    2.20 - 2.50

    Free Cash Flow**

    1.7 - 2.0

    1.7 - 2.0

    1.7 - 2.0

    CAPEX*

    ~0.5

    ~0.5

    ~0.5

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