By RTT News,
January 14, 2014, 09:55:00 AM EDT
(RTTNews.com) - Shire plc (SHPG, SHP.L) said it now expects to deliver Non-GAAP earnings per share growth for the full year 2013 at the upper end of the mid-to-high teens guidance range that was given at its third-quarter 2013 results. Analysts polled by Thomson Reuters expect the company to report earnings of $7.17 per share for fiscal 2013. Analysts' estimates typically exclude special items.
The company said its Chief Executive Officer, Flemming Ornskov, will address investors today, at the JP Morgan Healthcare Conference in San Francisco. In his address he will confirm that Shire finished 2013 strongly, having successfully performed a strategy shift and introduced greater operational discipline.
Looking forward, the company said it remains confident of delivering Non GAAP earnings per share for 2014 in line with the November 2013 consensus forecast (excluding ViroPharma). Based on the 2014 consensus estimates compiled by Consensus Forecast Ltd, posted on Shire.com on November 11, 2013, of $8.54 Non GAAP earnings per ADS for the year ended December 31, 2014.
Analysts polled by Thomson Reuters expect the company to report earnings of $8.68 per share for fiscal 2014.
The company said it will update its 2014 guidance during the fourth-quarter 2013 earnings call on February 13, 2014. During this call Shire will also outline the accretive benefits of the ViroPharma acquisition, if the deal has closed at that point.
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