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Schering-Plough Q4 EPS 12 cents, misses market expectations


Published : Mon, 29 Jan 2007 13:23
By : Agencies
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KENILWORTH, N.J. (AFX) - Schering-Plough Corp posted lower-than-expected earnings per share in the fourth quarter.

Net income rose to 182 mln usd, or 12 cents per share, from 104 mln usd, or 7 cents a share, in the year-earlier quarter. Included in net income is an unfavorable impact of 4 cents per share related to streamlining the company's manufacturing operations and a charge of 1 cent per share related to the licensing of an over-the-counter treatment for heartburn.

Net sales rose 14 pct to 2.7 bln usd.

Analysts surveyed by Thomson Financial had estimated fourth-quarter earnings of 17 cents on revenue of 2.53 bln usd.

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