BUZZ-Valeant Pharmaceuticals International Inc: Raises 2015 forecast

Thu Jan 8, 2015 9:52am EST
 
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** Canadian drugmaker's Toronto-listed shares up 12 pct at C$183.60 in early trading

** U.S.-listed shares up 7 pct at $155.42

** Company raises 2015 revenue and adj profit forecasts, citing growth from existing products and acquisitions

** Raises 2015 revenue forecast to $9.2-$9.3 bln from previous forecast of $9.1 bln

** Raises 2015 adj profit forecast to range of $10.10-$10.40 per share, from $10 earlier

** Analysts on average expected adj profit of $10.05 per share and revenue of $9.03 bln - Thomson Reuters I/B/E/S

** Up to Wednesday's close, Toronto-listed stock had risen 24 pct in past 12 months