February 7, 2018 / 7:12 AM / 4 months ago

Lundbeck's Q4 operating profit below expectations

COPENHAGEN, Feb 7 (Reuters) - Drugmaker Lundbeck’s fourth-quarter operating profit came in at 932 million Danish crowns ($155.19 million), undershooting the 1.05 billion expected by analysts in a Reuters poll.

The Danish company, which makes medicine for psychiatric and neurological disorders, has been looking for a new permanent chief executive since Israel’s Teva poached Kare Schultz last September.

Lundbeck expects revenue of 17.2-18.0 billion crowns in 2018, compared with the 17.86 billion forecast by analysts, and an operating profit of 4.8-5.2 billion crowns, compared with the 4.85 billion forecast in a Reuters’ poll.

$1 = 6.0054 Danish crowns Reporting by Teis Jensen, editing by Louise Heavens

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below