Elanco Initiates 2019 Guidance - Quick Facts

(RTTNews) - Elanco Animal Health Incorporated (ELAN) announced, for fiscal 2019, the company expects earnings per share of $0.36 to $0.48 on a reported basis and $1.02 to $1.12 on an adjusted basis. For 2019, revenue expectations are in the range of $3.10 billion to $3.16 billion. Core revenue, which excludes strategic exits is expected to be $3.04 billion to $3.10 billion.

For fiscal 2018, Elanco adjusted its EPS guidance to $0.15 to $0.17 (from $0.31 to $0.33) on a reported basis due to restructuring actions as part of the company's productivity agenda and a charge due to an increase in contingent consideration liability. Adjusted EPS are still expected to be in the range of $1.14 to $1.16. Revenue is still expected to be between $3.05 billion to $3.08 billion.