JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Organon & Co. (OGN) on Thursday reported first-quarter profit of $177 million.
The Jersey City, New Jersey-based company said it had profit of 69 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.08 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The pharmaceutical company posted revenue of $1.54 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $1.52 billion.
Organon expects full-year revenue in the range of $6.15 billion to $6.45 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OGN at https://www.zacks.com/ap/OGN
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