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Nimesh Jaiswal

Teva Pharmaceutical Industries: Why Investors Should Buy the Dip

Teva Teva Pharmaceutical Teva Pharmaceutical Industries Medical – Pharmaceuticals

Teva Pharmaceutical Industries Limited (TEVA) develops, manufactures, markets, and distributes generic medicines, specialty medicines, and biopharmaceutical products in North America, Europe, and internationally. The Petah, Tikva, Israel, company reported soft fiscal fourth-quarter results due to lower sales in its North America segment. While its $3.66 billion in revenue for the quarter missed the consensus estimate by 2.1%, its $0.55 adjusted EPS met the Street’s estimate.

The stock has declined 24.5% in price over the past month to close Friday’s trading session at $7.76.

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