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DewDiligence

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DewDiligence

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Re: genisi post# 212824

Thursday, 08/03/2017 10:21:12 AM

Thursday, August 03, 2017 10:21:12 AM

Post# of 251692
TEVA—(-18%)—slashes 2017 guidance and cuts dividend 75%:

https://finance.yahoo.com/news/teva-reports-second-quarter-2017-103000375.html

We have lowered our outlook for 2017 Non-GAAP results to revenues of $22.8 – $23.2 billion from a previously expected range of $23.8 – $24.5 billion [i.e. a $1B cut at the low end of the range and a $1.3B cut at the high end of the range].

Non-GAAP EPS for 2017 is now expected to be $4.30 – $4.50…down from a previously expected range of $4.90 – $5.30 [a 14% cut at the midpoints of the old and new ranges.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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