earnings
confidence high
sentiment negative
materiality 0.72
Teva Q1 GAAP loss $0.86/share; revenue down 8%; cuts FY revenue guidance
TEVA PHARMACEUTICAL INDUSTRIES LTD
2022-Q1 EPS reported
-$0.86
revenue$3,661,000,000
- GAAP diluted loss per share $0.86 vs. income $0.07 in Q1 2021; non-GAAP EPS $0.55 vs. $0.63.
- Revenue $3.66B, down 8% YoY (5% local currency); FY 2022 revenue guidance lowered to $15.4-$16.0B.
- GAAP operating loss $713M driven by $1.1B opioid litigation settlement provisions.
- COPAXONE revenue outlook cut to ~$750M from ~$850M; adjusted EBITDA and EPS guidance reaffirmed.
- First generic Revlimid launched in US; AJOVY and AUSTEDO growing; opioid settlements with Florida and Rhode Island.