Assessing Allergan’s Quarterly Revenues
Allergan (AGN) has segregated its businesses into three segments: US Specialized Therapeutics, US General medicines, and International. The company reported revenues of $4.01 billion for 2Q17, representing an 8.8% rise over 2Q16, driven by the strong performance of key brands in specialized therapeutics as well as from the acquisition of new brands like LifeCell.
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Estimates for 3Q17
Wall Street analysts estimate revenues of $4.05 billion for 3Q17, which would be 11.7% higher than its revenues of $3.62 billion in 3Q16. This growth is expected to be driven by strong sales of specialized therapeutics products as well as the inclusion of revenues from acquired brands.
Revenues in 2Q17
Allergan reported revenues of $4.01 billion in 2Q17, surpassing Wall Street analysts’ estimates of $3.95 billion, which was ~8.8% higher than its $3.68 billion in 2Q16. This growth in revenues was driven by the performance of the US Specialized Therapeutics portfolio as well as an increase in sales from international markets. Lower sales of general medicines in US markets negatively impacted revenue growth.
Allergan saw revenue growth from its inclusion of LifeCell’s products, but these were substantially offset by the divestiture of its generics business and Anda to Teva Pharmaceuticals (TEVA) in 2016.