Hospira, Inc. (HSP) - Bear of the Day
09 Novembro 2011 - 10:00PM
Zacks
Hospira Inc.'s (HSP) third quarter preliminary results were
below expectations due to continued manufacturing problems at the
company's Rocky Mountain facility. The facility is expected to
continue functioning below full capacity through the remainder of
2011. The additional costs for manufacturing remediation resulted
in lost sales, inventory loss and lower service levels.
In addition, management cut its 2011 adjusted earnings guidance
to $2.95-$3.05 from $3.90-$4.00. We have slashed our 2011 earnings
estimate from $3.93 to $3.01 and our 2012 estimates from $4.47 to
$2.85, in line with management's action.
Moreover, the Symbiq and Plum pump issues remain matters of
concern. We have, therefore, downgraded our rating on Hospira from
Neutral to Underperform.
HOSPIRA INC (HSP): Free Stock Analysis Report
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