Tuesday, August 2, 2016

Shire Plc Q2 Profit Tops Estimates; Updates 2016 Guidance

Shire plc (SHPG, SHP.L) reported second-quarter non GAAP net income of $773 million, an increase of 48% year-over-year. Non GAAP earnings per ADS increased 29% to $3.38 from $2.63, primarily due to higher Non GAAP operating income, partially offset by the impact of a higher number of shares issued as consideration for the Baxalta transaction. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $3.03 for the quarter. Analysts' estimates typically exclude special items.

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