Amneal Pharmaceuticals rises on annual revenue forecast raise

Amneal Pharmaceuticals

09/08/2024 15:00

** Shares of Amneal Pharmaceuticals  AMRX.O  rise 2.6% to
$7.98   
    ** Co raises annual revenue forecast to $2.70 bln to $2.80
bln from prior view of $2.55 bln to $2.65 bln 
    ** Also lifts lower end of FY adj. profit forecast range to
57 cents - 63 cents per share from 53 cents - 63 cents
previously
    ** AMRX posts Q2 net revenue of $702 mln, 17% higher than
$599 mln a year ago
    ** Including session's moves, stock up 27.2% YTD

 (Reporting by Sneha S K)
 ((Sneha.SK@thomsonreuters.com;))