Follow us on

Sun Pharma surges; unit Taro beats July-Sept analysts' estimates

Source : REUTERS
Last Updated: Wed, Nov 13, 2013 04:44 hrs
​dr reddy

Sun Pharmaceuticals Industries Ltd gains 3 percent after its unit Taro Pharmaceutical Industries Ltd operational earnings beat some analysts estimates.

Taro's quarterly earnings per share came at $2.15 while sales rose 27.5 percent to $205.3 million.

Analysts say a price hike in certain product categories by Taro led to the operating earnings beat while also boosting outlook for Sun Pharmaceutical's earnings results later in the day.

blog comments powered by Disqus
most popular on facebook
talking point on sify finance