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Biotech / Medical : IVX: IVAX Corporation

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To: tom pope who wrote (58)1/12/2005 12:40:20 PM
From: Jim Oravetz  Read Replies (1) of 78
 
IVAX To Meet Or Exceed Consensus Analysts' Views For 4Q 2004
DOW JONES NEWSWIRES
January 11, 2005 1:50 p.m.

MIAMI -- Ivax Corp. (IVX) expects its fourth-quarter, per-share earnings to meet or beat the average Wall Street estimate.

In a press release Monday, the Miami developer and maker of generic drugs said fourth-quarter earnings will be at least 19 cents a share, which is the average estimate produced by a Thomson First Call survey of 11 analysts.

Ivax had net income of 15 cents a share in the year-earlier quarter.

The company plans to release fourth-quarter results and 2005 financial guidance in mid-March.

Ivax shares recently traded at $14.589, down 221 cents, or 1.54%, on composite-trading volume of 3.95 million shares. Average daily volume is 2.68 million shares.

Company Web site: ivax.com
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