Wyeth

Wyeth Reports Earnings Results for the 2008 First Quarter

Published in Drug Week, May 9th, 2008

Wyeth (NYSE:WYE) reported results for the 2008 first quarter ended March 31, 2008. Worldwide net revenue increased 6% to $5.7 billion for the 2008 first quarter. Excluding the favorable impact of foreign exchange, worldwide net revenue increased 1% for the 2008 first quarter.

"We are pleased with a solid start to 2008 and, despite the significant negative impact from launches of infringing generic versions of Protonix, are on track to meet our full year pro forma diluted earnings per share guidance of $3.35 to $3.49. We are encouraged by the performance of our biotech business, our diverse product portfolio and the international sales growth of our three divisions,"...

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Source: Drug Week (2008-05-09)

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