BMO Capital Cuts Price target on Valeant Pharma (VRX) Following Poor 3Q Legacy Business Performance
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Valeant Pharmaceuticals Reports Third Quarter 2015 Financial Results
October 19, 2015 6:00 AM EDTLAVAL, Quebec, Oct. 19, 2015 /PRNewswire/ --
2015 Third Quarter Results
Total Revenues of $2.8 billion; an increase of 36% over the prior year despite negative foreign exchange impact of $172 million Same store sales organic growth of 13%; 5th consecutive quarter of > 10% organic growth, driven by: Continued outperformance of U.S. businesses, particularly dermatology and contact lens Strong results in China (23%), South Korea (15%) and Mexico (10%) Total company growth was 8.2% volume and 4.4% price U.S. branded pharmaceuticals growth was 18.8% volume... More