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Article: RHONE-POULENC RORER REPORTS THIRD QUARTER RESULTS AND ANNOUNCES CURTAILMENT OF YEAR-END TRADE INCENTIVES
- Article from:
- PR Newswire
- Article date:
- October 21, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLLEGEVILLE, Pa., and PARIS, Oct. 21 /PRNewswire/ -- Rhone-Poulenc Rorer (NYSE: RPR) today announced third quarter 1993 earnings per share of $.51 including an expected pretax charge of $27 million ($.13 per share) for acquired research and development costs stemming from the previously announced transaction with Applied Immune Sciences, Inc., which closed this quarter.
Results in the quarter also included gains from the sale of certain product rights of $.02 per share ($.04 per share in 1992). Earnings per share in the third quarter 1992 was $.66. Excluding the above transactions, earnings per share for both periods would have been $.62 as expected.
The stronger ...