Forest Laboratories, Inc. (FRX) Crushes Earnings Estimates

Forest Laboratories, Inc. (NYSE:FRX) reported its earnings for the three months through September this morning before the market opened on Wall Street. The company showed earnings of 26 cents per share on revenue totaling $855 million. On yesterday’s market shares int he pharmaceuticals company fell a fraction and closed the day at $44.31.

In the run up to the release of this report analysts following Forest Laboratories, Inc.(NYSE:FRX) were looking for earnings of 15 cents per share by consensus. Revenue for the company’s second quarter of 2014 were expected to come in at...