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Teva Q4 top line off 6%; non-GAAP EPS down 4%; cash flow down 8%; shares off 3% premarket

  • Teva Pharmaceutical Industries (NYSE:TEVA) Q4 results ($M): Total Revenues: 4,881 (-5.6%); Generic Medicines: 2,257 (-8.6%); Specialty Medicines: 2,114 (-5.8%); MS Specialty: 960 (-14.4%); Other Specialty: 1,154 (+2.9%).
  • Key Product Sales: Copaxone: 960 (-14.4%); Treanda: 198 (-12.4%); ProAir: 148 (+23.3%).
  • Net Income: 485 (-30.9%); EPS: 0.55 (-31.3%); Non-GAAP EPS: 1.28 (-3.8%); CF Ops: 1,615 (-7.8%).
  • Q1 Guidance: Revenues: $4.7B - 4.9B; Non-GAAP EPS: $1.16 - 1.20; CF Ops: $1.2B - 1.3B. Full-year guidance will be released after the close of the Actavis Generics transaction.
  • Shares are down 3% premarket on light volume.

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