Wednesday, May 2, 2007

UPDATE 1-Teva posts first-quarter profit vs year-ago loss

(Reuters) - Quarterly net income at the Israel-based company was $342 million, or 42 cents per share, compared with a net loss of $1.0 billion, or $1.40 per share, a year earlier.

The 2006 figures include a write-off of $1.3 billion relating to the acquisition of Ivax.


Read more at Reuters.com Market News

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