Watson Pharmaceuticals (NYSE: WPI) reported Thursday that it set its 2010 profit and revenue guidance that meet Wall Street expectations, according to Associated Press.
The outlook was given as the company held its annual investor's conference in New York on Thursday. It comes a week after the company said its 2009 profit and revenue could top its previous predictions.
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The company is scheduled to report 2009 results Feb. 23.
In 2010, the company expects profit between $3.05 and $3.30 per share on revenue of about $3.5 billion. Analysts polled by Thomson Reuters expect profit of about $3.13 per share on revenue of about $3.46 billion.
On Jan. 13, the company said sales of branded and generic drugs could push 2009 profit above guidance. The company had set 2009 profit guidance between $2.50 and $2.58 per share, on revenue of $2.7 billion. Analysts at the time had forecast 2009 profit of $2.57 per share on $2.74 billion in revenue.
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