Hospira Q1 Profit Up, Beats Estimates

(RTTNews) - Injectable drugs and infusion technologies provider Hospira Inc. (HSP) Tuesday announced a 11.3 percent increase in first quarter net income to $75.6 million from $67.9 million a year ago. On a per share basis, earnings climbed to $0.43 from $0.40 last year. Adjusted earnings per share was $0.97, compared to $0.60 last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.53. Analysts estimates usually exclude special items.

Revenue for the quarter was up 11.8 percent at $1.175 billion from $1.050 billion a year ago. Street expected $1.08 billion

Further, the company had not provided annual projections for 2015.