Endo Health Solutions Q2 Profit Rises - Quick Facts

(RTTNews) - Endo Health Solutions (ENDP) reported second-quarter net income of $35 million, compared to $9 million last year. Reported earnings per share was $0.30, compared to $0.08 prior year. Reported net income for the period includes a charge of approximately $60 million for the period, primarily to reflect the impact of an accrual for certain product liability claims.

Adjusted net income was $166 million, or $1.42 per share for the second quarter 2013. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $1.15 for the quarter. Analysts' estimates typically exclude special items.

Total revenues decreased to $766.51 million, from $785.19 million last year. Analysts expected revenue of $721.01 million for the quarter. For the full twelve months ended Dec. 31, 2013, at current exchange rates, Endo estimates: total revenue to be between $2.70 billion and $2.80 billion; reported earnings per share to be between $1.47 and $1.77; and adjusted earnings per share to be between $4.25 and $4.55. Analysts expect the company to report fiscal year profit per share of $4.32 on revenue of $2.74 billion.