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Wednesday, August 5, 2020

Teva posts strong Q2 earnings and cash flow as turnaround continues

Teva Pharmaceutical Industries (NYSE:TEVA) Q2 results:
Revenues: $3,870M (-7.3%), Generics: $2,086M (-8.5%).
Net income: $140M (+120.3%); non-GAAP net income: $605M (-7.4%); EPS: $0.13 (+120.6%); non-GAAP EPS: $0.55 (-8.3%).
Cash flow ops: $273M (+220.3%).
Debt reduced to $23.9B.

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