Hospira Swings To Profit In Q1; Backs FY Adj. EPS & Net Sales View - Quick Facts

(RTTNews) - Pharmaceutical and medication delivery company Hospira, Inc. (HSP) said it has made $67.9 million, or $0.40 per share of profit the first quarter 2014, versus the prior year's loss of $76.6 million, or $0.46 per share.

Adjusted earnings amounted to $101.7 million, or $0.60 per share for the recent quarter. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $0.49 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales for the quarter reached $1.05 billion, compared with $884.0 million in the previous year, an increase of 18.9%. Analysts estimated revenues of $1.02 billion for the quarter.

For full year 2014, the firm still expects adjusted earnings per share of $2.00 - $2.25, and still anticipates change to net sales to range between negative 2 and positive 3 percent on a constant-currency basis, with a flat to negative 1 percent impact from foreign currency. Analysts project annual earnings per share of $2.12.