Teva 2nd-qtr 2011 US sales downturn compensated by strong European showing

27 July 2011

Israel-based Teva Pharmaceutical Industries (Nasdaq: TEVA), the world’s largest generic drugmaker, reported an 11% rise to $4.2 billion in second-quarter 2011 net sales. Quarterly non-GAAP net income and non-GAAP EPS of $984 million and $1.10, compared to $981 million and $1.08, respectively. Quarterly GAAP net income was $576 million, compared to $797 million; GAAP EPS totaled $0.64, compared to $0.88.

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