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Wyeth 4Q Profit Up 17 Percent

Wyeth on Tuesday said its fourth-quarter profit rose 17 percent, driven by sales of the antidepressant Effexor and the childhood infection vaccine Prevnar.

Net income for the Madison-based drug maker grew to $855.4 million, or 63 cents per share, from $731.7 million, or 54 cents per share, in the year-ago period. Results for the latest quarter included charges of 3 cents per share related to productivity initiatives.

Analysts polled by Thomson Financial expected fourth-quarter profit of 71 cents per share.

Quarterly revenue rose 10 percent to $5.22 billion, from $4.75 billion last year, compared with a Wall Street consensus of $5.11 billion for the latest quarter.

Sales were driven by an 11 percent rise in sales of Effexor to $936.1 million, and a 25 percent increase in sales of Prevnar to $501.7 million.


Review: Kabhi Alvida Na Kehna

Too long. Too tedious. And strangely plastic. No, this time, Karan Johar seems to have got the formula somewhat skewed. For unlike his earlier successful celluloid soap operas, the audience doesn't get to shed any real tears even though the protagonists keep crying. In all his earlier ventures, the characters would hardly need the tissues despite the heartbreak, heartache, heartburn. It was the viewer who'd do all the crying, sighing and tear jerking 'coz Shah Rukh chose to laugh while he died, Hrithik sashayed to bring his broken family together and Kajol played basketball to drive her dilemma - Salman or Shah Rukh - away. Naturally, we the aam janata couldn't bear the agony of these bravehearts and broke down copiously, while the box office jingled. But this time round, the rona-dhona becomes somebody else's business, the jolly good fella bits seem to be in short supply and the aam janata ends up feeling gypped.


Sport homepage

North Harbour are considering a plan to add a roof to their stadium design - an option that could beef up their chances of hosting the 2011 Rugby World Cup final.

The roof plan could steal the scene in a week that will see two key Eden Park milestones reached in the ongoing search for a stadium to host the final.

Eden Park officials expect the resource consent decision in the middle of this week, while the Ministry of Economic Development (MED) draft report into the stadium issue is due soon after.

The draft report authors have been investigating major issues around the $385 million proposed Eden Park redevelopment, most notably governance, funding and design.

The Herald on Sunday understands there is a 'second' plan for the Albany-based stadium which includes a retractable roof, much like that of Cardiff's state-of-the-art Millennium Stadium.



 

 

 

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