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via thehindubusinessline.comBusiness & Companies

Cipla misses second-quarter profit estimates on muted US sales

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Cipla, the country's third-largest drugmaker by ‌revenue, missed second-quarter profit estimates ⁠on Tuesday, as muted sales ‌of generic Revlimid ‌and stiff ‌competition ⁠weighed on ⁠its US business.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA profit miss by a major Indian drugmaker weighs on the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Cipla missed second-quarter profit estimates.
  2. 02Sales of generic Revlimid were muted.
  3. 03Stiff competition weighed on its US business.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Cipla LimitedCIPLA.NSEStock1,341.80 INR+1.13%today -0.97%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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