Revenues of $5.1 billion, in line with the third quarter of 2013. Excluding the impact of the divestment of the U.S. OTC plants and of foreign exchange fluctuations, sales grew organically by 2%. Non-GAAP operating income of $1.5 billion, an increase of 13% from the third quarter of 2013. GAAP operating income of $1.1 billion, up 39%. Non-GAAP net income of $1.1 billion, an increase of 6%. GAAP net incomeof $876 million, up 23%. Non-GAAP diluted EPS of $1.32, an increase of 4%. GAAP diluted EPS of $1.02, up 21%. Strong cash flow from operations of $1.4 billion, an increase of over 200% compared to the third quarter of 2013. Generic medicine profitability improved 40% to reach $556 million. EPS guidance for full-year 2014 raised to $5.00-5.10, from $4.90-5.10. Company increases its share repurchase program to $3 billion, with purchases to commence promptly; represents an increase of $1.7 billion to the existing program
Antiottohuber, thanks for sharing your information. I can see how similar my own Yamana postion and accumulated paper losses are. I think we just ought to remind ourselves the importance of diversification and not succumb to temptations and keep adding more when the stock keeps going down.
I have some of the same nagging questions and fears but no answers. There will be continuing uncertainty and pps erosion compounded by tax loss selling, I am afraid. Really dont have a good feeling about this.
You are not alone, I bet. Most people will have that kind of an average or higher as the pps has practically dived down in the past few months, and thousands of shares. The market was trying to tell us something all along. But I realized it late. It is not easy to sell low now, though it will get lower.
Sadly,it is all macroeconomics and fed policy at the end of the day. So it seems, no matter what miracles company can pull out from under the hat.
Hard to tell. It better be a super surprise. The stock has been double-vammied -- gold price and the deal with resrve issues (not totally clear about details). Dont know if it will see the 9s anytime soon.
Exactly. Now once again the stock will be languishing waiting for something to happen in the next earnings report. The stock didn't get any respect when it had stellar earnings, and obviously you cant expect that with this unimpressive showing in the latest beauty contest. We will be jerked around by the traders. Its dead money now.
Good points. I was wondering the same thing. Why is this stock getting killed so much?! Gold hasn't really fallen that much. Defies basic economics.
Looks like there is a lot more pain ahead in the short run! Really cant do much. Just have to sit tight however long it takes. I am not on margin thankfully.
"Appetite for physical gold in India and China has returned, particularly as low prices lure buyers during India’s Diwali festival, the country’s biggest-gold buying occasion of the year.
Demand surrounding this year’s Diwali festival, which is being celebrated Thursday, rose by around a third from last year, said Rahul Gupta, managing director of Delhi-based P.P. Jewelers, a large jewelry retail chain. ...... "
But obviously not enough to make a dent on miners yet?