14th Jan 2014 14:50
LONDON (Alliance News) - Shire PLC said that it expects to deliver non-generally accepted accounting principles earnings per share growth at the upper end of guidance for 2013, and was confident of delivering in-line non GAAP earnings per share for 2014, in a statement ahead of its presentation at the JP Morgan Healthcare Conference In San Francisco Tuesday
The pharmaceuticals company said it had finished 2013 strongly after it had successfully shifted its strategy and introduced greater operational discipline.
In October, Shire gave a mid-to-high teens guidance range for non GAAP earnings per share growth for 2013, and it now expects to hit the upper end of that range. In November, consensus forecast suggested USD8.54 non GAAP earnings per American depository share for the year ended December 31, 2014, which Shire now expects to meet.
Shares in Shire were trading up 1.7% at 2,961.00 pence Tuesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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