Hospira reports more profit
LAKE FOREST - Hospira Inc. Tuesday posted third-quarter net income of $116.2 million, or 71 cents per share, from $81.8 million, or 51 cents per share, a year ago.
Revenue was $1.01 billion, up from $925.5 million.
The company also said its annual profit forecast was in the range of $2.85 to $2.90 per share, from $2.80 to $2.85 per share, excluding one-time costs.
Including restructuring, acquisition and other one-time expenses, Hospira expects to earn $2.25 to $2.30 per share.
It expects revenue to grow 5 to 7 percent excluding the effects of foreign currency exchange.
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