Allergan Rg (NYSE: AGN) is having a relatively rough start to the trading session this morning. However, the stock really should be headed up. After all, the company produced an earnings report that beat expectations on both the top and bottom line. As always, our partners at Trade Ideas were the first to alert us to the declines. At the moment (8:06), AGN is trading at $248.00 per share after a loss of $2.18 per share or 0.87% thus far today.
AGN Reports Q2 Earnings
As mentioned above, Alergan is having a rough day, reacting adversely to what seems to be a strong Q2 earnings report. Here’s what we saw from the report…
- Earnings Per Share – When it comes to earnings per share, AGN definitely did not disappoint. During the second quarter, analysts expected that the company would generate earnings in the amount of $3.94 per share. However, the company actually reported earnings in the amount of $4.02 per share.
- Revenue – Revenue also proved to be a positive notch on the belt for AGN. During the second quarter, analysts expected that the company would generate revenue in the amount of $3.95 billion. However, the company actually reported revenue in the amount of $4.01 billion.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on AGN. In particular, we’re interested in following the company to see if the strong revenue and earnings can continue throughout the rest of the year. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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