NEW YORK (Thomson Financial) - Warner Chilcott Ltd. reported first-quarter
net income of $33.7 million, or 13 cents a share, compared with a net loss of
$4.5 million, or 2 cents a share, in the same period a year ago.
Cash net income, which excludes the amortization of assets and of deferred
loan costs rose to $82.9 million from last year's $51 million.
The mean estimate of analysts surveyed by Thomson Reuters was for earnings
of 29 cents a share.
Revenue for the quarter ending March 31 increased 5.1% to $229.5 million
from $218.4 million a year ago, topping analyst forecasts of $228.9 million.
For 2008, the specialty pharmaceutical company said it expects cash net
income of $1.30 to $1.35 a share and revenue of $935 million to $945 million,
compared with analyst projections of $1.29 a share and revenue of $942.1
million, on average.
The stock closed Thursday at $17.51.
Tomi Kilgore
tk1
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