Q3 Results: Cipla’s Revenue Misses Estimates For Thirteenth Straight Quarter

Cipla Ltd.'s quarterly revenue rose, but missed estimates for the 13th-straight quarter.

Net sales rose 2 percent to Rs 4,008 crore in the December-ended quarter, but failed to meet the analysts’ estimate of Rs 4,111 crore.

The company’s U.S. business, however, grew 18 percent on a yearly basis and 10 percent on sequential basis for the second straight quarter, led by product launches.