earnings
confidence high
sentiment neutral
materiality 0.70
Teva Q2 2021: Revenue $3.9B, GAAP EPS $0.19, Non-GAAP EPS $0.59; guides revenue lower
TEVA PHARMACEUTICAL INDUSTRIES LTD
2021-Q2 EPS reported
$0.26
revenue$7,892,000,000
- Revenue of $3.9B (up 1% YoY); GAAP diluted EPS $0.19 (vs $0.13 Q2 2020); Non-GAAP diluted EPS $0.59 (vs $0.55).
- Net debt reduced by $500M to $22.7B; operating cash flow $218M, free cash flow $625M.
- 2021 revenue outlook cut to $16.0-16.4B (prior $16.4-16.8B) citing COVID impact; all other guidance reaffirmed: adj. EBITDA $4.8-5.1B, EPS $2.50-2.70, FCF $2.0-2.3B.
- AUSTEDO sales grew YoY; AJOVY net sales $70M worldwide; Truxima US market share reached 25%.
- R&D expenses $248M (GAAP), increased 10% YoY, driven by respiratory, biosimilar projects.