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News Breaks
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February 9, 2012
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| 07:20 EDT |  | SHPGY |
| theflyonthewall.com: | Shire sees FY12 sales growth in low to mid teens range | | The company said, "We believe that our product portfolio will continue to deliver sales growth in the low to mid teens range, despite the expected decline in sales of CARBATROL and REMINYL following their loss of exclusivity. Combining this with royalties and other revenues, which are expected to be 15%-25% lower year on year, we are still forecasting good revenue growth. We anticipate that gross margins will be marginally lower in 2012 reflecting the full year impact of our acquisition of ABH...Overall, we look forward to good earnings growth in 2012." The company sees combined non-GAAP R&D and SG&A spending to increase by 10-12% compared to 2011 and sees tax rate for 2012 in the range of 20 to 22%. :theflyonthewall.com |
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