Biopharmaceutical giant AstraZeneca has said that full-year earnings are now expected to come in at the lower end of previous guidance.
While the firm reiterated that core earnings per share (EPS) for 2011 will come within the expected range of $7.20 to $7.40 a share (set out in its third quarter results in October), they are now likely to be in the lower half of forecasts.
Nevertheless, the figure is still an improvement on the $6.71 core EPS reported in 2010.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Astra also reaffirmed its revenue, margin and cash deployment guidance for the period 2010 to 2014.
Back in January 2011, the group said that revenue will be in the range of $28-34bn per annum over the period, "as revenue growth from key franchises that retain exclusivity and continued growth in Emerging Markets are pressured by the loss of market exclusivity on a number of products."
October’s NS&I Premium Bond winners revealed - have you scooped £1 million?
Two lucky NS&I Premium Bond winners are now millionaires this October. Find out here you are one of them
By Kalpana Fitzpatrick Published
Nationwide: House prices fall across the UK at fastest pace since 2009
House prices drop 5.3% on the year as high borrowing costs hit prospective buyers.
By Pedro Gonçalves Published