Hospira Earnings: Everything You Must Know Now

Hospira Inc. (NYSE:HSP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Hospira Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 10.64% to $0.52 in the quarter versus EPS of $0.47 in the year-earlier quarter.

Revenue: Rose 2.29% to $988 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Hospira Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.44. It beat the average revenue estimate of $979.33 million.

Quoting Management: “Hospira delivered adjusted first-quarter results in line with our expectations,” said F. Michael Ball, chief executive officer. “We continued to advance our quality-improvement efforts as well as position our business for the future, including announcing our new device strategy, progressing with our global expansion initiative, and launching new premix versions of our proprietary sedation agent Precedex™ in the United States. We believe our efforts and investments are positioning Hospira to be even more competitive longer term, driving greater value for our customers and shareholders alike.”

Key Stats (on next page)…

Revenue decreased 10.09% from $1.1 billion in the previous quarter. EPS decreased 5.45% from $0.55 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.6 to a profit $0.51. For the current year, the average estimate has moved down from a profit of $2.31 to a profit of $2.03 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)