The world's largest generic manufacturer Teva reports an increase in sales and a result that hit the market's expectations. The company also applied to increase the forecast for the full year.
Revenue amounted to $ 4.53 billion, compared with Bloomberg analyst consensus, which was 4.51.
Adjusted earnings per share was $ 0.68, which is 26 percent better than analyst consensus, which was 0.54.
Teva now estimates that earnings for the full year are in the range of $ 2.80-2.90 per share, an increase from previous forecasts which was between $ 2.55-2.80 dollars. The market, on average, yielded a profit of $ 2.77 and the expectations ranged from $ 2.67-2.93.
Revenue for the full year is expected to be between 18.6 and 19.0 billion dollars, a slight increase in the lower part of the range, as previous forecasts were 18.5-19.0 billion. On average, the market had expected earnings of $ 18.84 billions
US make-up manufacturer Avon reported sales higher than expected during the third quarter.
Turnover amounted to $ 1,346.3 million (1,378.2), compared with Factset analyst consensus of 1 167.
The adjusted gross margin was 57.1 percent. The expectation was 58.4 percent, according to Bloomberg's summary.
Earnings per share ended at $ 0.21. Adjusted earnings per share was 0.02 USD.