Valeant Pharmaceuticals Intl Inc (VRX) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $1.40 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $1.48. The company posted revenue of $2420.20 million in the period, compared to analysts expectations of $2451.77 million. The company’s revenue was down -11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.14 EPS.
Many Wall Street Analysts have commented on Valeant Pharmaceuticals Intl Inc. Valeant Pharmaceuticals Intl Inc was Downgraded by JP Morgan to ” Neutral” on Jun 23, 2016. Shares were Reiterated by RBC Capital Mkts on Jun 8, 2016 to “Sector Perform” and Lowered the Price Target to $ 33 from a previous price target of $58 .Shares were Reiterated by Stifel on Jun 8, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $65 .
Valeant Pharmaceuticals Intl Inc opened for trading at $22.11 and hit $22.7 on the upside on Monday, eventually ending the session at $22.45, with a gain of 2.23% or 0.49 points. The heightened volatility saw the trading volume jump to 1,44,74,640 shares. Company has a market cap of $7,701 M.
In a different news, on Jun 27, 2016, Thomas W. Sr. Ross (director) purchased 4,000 shares at $24.40 per share price. According to the SEC, on Jun 13, 2016, Joseph C Papa (CEO) purchased 202,000 shares at $24.48 per share price. On Nov 9, 2015, J. Michael Pearson (Chief Executive Officer) sold 1,297,399 shares at $78.53 per share price, according to the Form-4 filing with the securities and exchange commission.
Valeant Pharmaceuticals International Inc. is a specialty pharmaceutical and medical device company. The Company is engaged in developing manufacturing and marketing a range of branded generic and branded generic pharmaceuticals over-the-counter (OTC) products and medical devices (contact lenses intraocular lenses ophthalmic surgical equipment and aesthetics devices) which are marketed directly or indirectly in over 100 countries. The Company operates through two segments: developed markets and emerging markets. The Company’s developed markets segment consists of sales in the United States of pharmaceutical products OTC products and medical device products. The Company’s Emerging Markets segment consists of branded generic pharmaceutical products and branded pharmaceuticals OTC products and medical device products.