US Markets

Endo posts smaller third-quarter loss, CEO to retire

Drugmaker Endo International Plc reported a smaller quarterly loss on Monday and said its Chief Executive Officer Paul Campanelli plans to retire.

Nov 4 (Reuters) - Drugmaker Endo International Plc ENDP.O reported a smaller quarterly loss on Monday and said its Chief Executive Officer Paul Campanelli plans to retire.

Campanelli has been named as the company's chairman effective immediately, and will also continue to serve as president and CEO until his successor is appointed, the company said.

The company's net loss from continuing operations narrowed to $41.4 million, or 18 cents per share, in the third quarter ended Sept. 30, from $146.1 million, or 65 cents a share, a year earlier.

(Reporting by Manojna Maddipatla in Bengaluru; Editing by Shounak Dasgupta)

((manojna.kalyani@thomsonreuters.com; within the U.S. +1 646 223 8780, outside the U.S. +91 80 6749 1692;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More