Teva will publish today its results for the first quarter of 2018
Posted on May 3, 2018 by Ifi Reporter - Dan Bielski
Teva is expected to publish its results for the first quarter of 2018 before trading on the New York Stock Exchange. Teva CEO Car-Schultz shares the first full report the company reports when Schulz was appointed CEO. The reforms he initiated have not yet affected the results of the previous report. Investors hope to receive positive signals in this report.
About a month after taking office, Schultz introduced a massive reorganization plan for a company that included large-scale layoffs and a cut in losing activities. In addition, the company suffers from a particularly high debt in view of the unsuccessful acquisitions it made in recent years due to previous management decisions. Investors expect today's reports to be positive news for both restructuring and debt levels.
Another issue that will attract the attention of investors is the company's coping with the erosion of profitability in the US generics sector. Yesterday, Teva announced that it did not intend to sell the logistics center in Shoham.
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