Teva's Q3 2020 results showed resilience amidst the COVID-19 pandemic with revenues of $4.0 billion and non-GAAP diluted EPS of $0.58. The company launched digital inhalers and reduced net debt by more than $10 billion over three years.
Revenues in the third quarter of 2020 were $3,978 million, a decrease of 3% compared to the third quarter of 2019.
GAAP diluted loss per share was $3.97, while non-GAAP diluted EPS was $0.58.
Free cash flow for the quarter was $506 million.
The company launched digital inhalers AirDuo Digihaler and ArmonAir Digihaler in the U.S.
Teva revised its full year 2020 business outlook, projecting net revenues of $16.5-16.8 billion, EBITDA of $4.7 - $4.9 billion, EPS of $2.40 - $2.55, and Free cash flow of $1.8 - $2.2 billion.
Visualization of income flow from segment revenue to net income