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Elanco Animal Health swings to loss in 2020

(photo courtesy of Elanco Animal Health)
by: Wes Mills, Inside INdiana Business
Posted:
Feb 24, 2021 / 04:52 PM EST
GREENFIELD, Ind. (Inside INdiana Business) Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) is reporting a full-year net loss of $560 million in 2020, compared to net income of $67.9 million the previous year. Despite the drop, Elanco President and Chief Executive Officer Jeff Simmons say the company is entering 2021 “with good momentum.”
The company is also reporting a fourth-quarter loss of nearly $323 million, compared to a loss of $9.5 million during the same period a year ago.
“Fourth quarter revenue surpassed our guidance as U.S. Pet Health, U.S. Farm Animal, and China swine outperformed our expectations,” said Simmons. ....

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Elanco Swings to Loss in 2020

Elanco Swings to Loss in 2020
insideindianabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideindianabusiness.com Daily Mail and Mail on Sunday newspapers.

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ELANCO ANIMAL HEALTH INC (ELAN) Q4 2020 Earnings Call Transcript

ELANCO ANIMAL HEALTH INC (ELAN) Q4 2020 Earnings Call Transcript
Motley Fool Transcribers
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ELANCO ANIMAL HEALTH INC (NYSE: ELAN)
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Operator
Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Elanco Animal Health Q4 2020 Earnings Conference Call. [Operator Instruction] Following the presentation, we will conduct a question-and-answer session, open to analysts only. [Operator Instructions] Before turning the meeting over to management, please be advised that this conference call will contain statements that are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. I would like to remind everyone that this conference call is being recorded February 24, 2021. ....

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