Glenmark profit may miss estimates - StarMine

Last Updated: Mon, May 06, 2013 06:25 hrs

Glenmark Pharmaceuticals Ltd could miss January-March earnings consensus forecast, according to Thomson Reuters StarMine data.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, shows Glenmark could report a net profit of 1.56 billion rupees ($29 million) for the quarter, compared with a mean consensus estimate of 1.68 billion rupees.

Shares in Glenmark were up 1.3 percent at 0604 GMT. The company will announce its earnings on Tuesday.

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