BOSTON (Thomson Financial) - Warner Chilcott Ltd. Friday said it swung to
fourth-quarter net income of $19.7 million, or 8 cents a share, from a
year-earlier net loss of $8.5 million, or 3 cents a share.
Cash net income, adjusted for amortization of intangible assets and a
write-off of deferred loan costs related to the company's debt, was $73.9
million, or 30 cents a share.
The mean estimate of analysts polled by Thomson Financial was for earnings
of 26 cents a share.
Revenue for the three months ended Dec. 31 rose 10% to $227.7 million from
$206.4 million a year ago. Wall Street's consensus was for fourth-quarter
revenue of $219.5 million.
Shares of the Rockaway, N.J.-based drug manufacturer, closed Thursday at
$16.70.
Greg Saulnier
gs/pc
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|