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Allergan Confident About Continued Growth, Swats Down Competition Concerns

 
• By Mandy Jackson

Allergan’s fourth quarter earnings came in above analyst consensus, making up for the third quarter when revenue was below projections. The company is confident that it will experience continued sales growth in 2017, despite competitive pressures for key products.

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Allergan PLC reported better-than-expected fourth quarter revenue on Feb. 8, along with income that exceeded analyst consensus despite higher spending for sales and marketing – investments that fueled the company’s increased sales from acquired blockbusters and newly launched products.

Allergan’s $3.86bn in fourth quarter net revenues was a 7.1% increase from $3.61bn for the same period in 2015, coming...

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