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Stock impact report

Dr. Reddy's Q2 Earnings Miss Estimates, Global Generics Revenues Grow [Yahoo! Finance]

Dr. Reddy's Laboratories Ltd (RDY) 
US:NYSE Investor Relations: drreddys.com/investors
Company Research Source: Yahoo! Finance
The company reported earnings of 21 cents per ADS in the year-ago quarter. The bottom line was hit by a one-time acquisition cost and impairment charge on non-current assets. Revenues grew 17% year over year to $957 million, which outpaced the Zacks Consensus Estimate of $879 million. The year-over-year improvement was primarily driven by growth in global generics revenues. Shares of Dr. Reddy's have risen 5% year to date compared with the industry's 18.4% growth. Image Source: Zacks Investment Research Find the latest EPS estimates and surprises on Zacks Earnings Calendar Dr. Reddy's reports revenues under three segments — Global Generics, Pharmaceutical Services & Active Ingredients (PSAI) and Others. Global Generics revenues totaled INR 71.6 billion, up 17% year over year. The increase was primarily driven by improved sales volumes and new product launches. Dr. Reddy's launched four new products in the United States during the reported quarter. As of Sept. 30, 202 Show less Read more
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