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Major investors sold off Teva Pharmaceutical shares, but the company still beat earnings expectations.
Teva Pharmaceutical Industries saw significant share sales by major investors Legal & General Group Plc and APG Asset Management N.V. in the fourth quarter.
Despite these sales, Teva reported a slight beat on earnings per share and forecasts a 2.5 EPS for the year.
The company, which develops generic and specialty medicines, has a market cap of $15.22 billion and a negative net margin of 9.91%.
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Los principales inversores vendieron acciones de Teva Pharmaceutical, pero la compañía aún supera las expectativas de ganancias.