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Roche 2015 Sales Strong, EPS Weaker, Guidance Unchanged

This article was originally published in Scrip

Executive Summary

Roche Holding AG on Jan. 28 unveiled fourth-quarter sales and earnings which were slightly ahead of analyst projections and signalled that it has entered 2016 in a strong position, but the Swiss group's shares nonetheless fell the most in five months amid news its earnings per share for the second half of 2015 were below market expectations, due mainly to a higher-than-expected tax rate, higher spending in all categories, and adverse currency movements.

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