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News Breaks
February 19, 2014
07:35 EDTENDPEndo Health reports 2013 non-cash charges of $495M
Endo Health Solutions has completed its annual goodwill and in-process research and development impairment analysis for 2013 and plans to record in fiscal 2013, a pre-tax, non-cash asset impairment charge of approximately $495M primarily related to goodwill attributable to the company's acquisition of American Medical Systems. During Q4 2013, the company also recorded a pre-tax, non-cash charge of approximately $31M to increase the company's product liability reserve to approximately $520M for all known, pending and estimated future claims primarily related to vaginal mesh cases. The non-cash charges will not affect the company's 2013 adjusted financial results; however, 2013 GAAP earnings per share are now expected to be materially below previously announced guidance of 95c-$1.10.
News For ENDP From The Last 14 Days
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October 23, 2014
10:01 EDTENDPOn The Fly: Analyst Initiation Summary
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06:55 EDTENDPEndo initiated with a Buy at Guggenheim
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October 21, 2014
06:37 EDTENDPEndo pullback brings buying opportunity, says Piper Jaffray
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October 14, 2014
11:23 EDTENDPBIND Therapeutics and The Conference Forum hold a conference
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October 13, 2014
10:08 EDTENDPOn The Fly: Analyst Upgrade Summary
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06:41 EDTENDPEndo upgraded to Hold from Sell at Cantor
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