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Revenues up 11% driven by Botox
July 31, 2013
By: Tim Wright
Allergan 2Q Revenues: $1.6 billion (+11%) 2Q Earnings: $361.2 million (+22%) YTD Revenues: $3.1 billion (+9%) YTD Earnings: $375.6 million (earnings were $527.6 million YTD12) Comments: Specialty pharmaceuticals sales increased 11% to $1.3 billion in the quarter, driven by Botox/Neuromodulator sales (+11% to $513 million) and skin care (+39% to $112.3 million). Medical devices sales increased 7% to $229.3 million. YTD results include a loss of $251.4 million for discontinued operations.
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