Investing.com – Allergan (NYSE:AGN_pa) misses Q3 estimates as it expands share buyback, initiates dividend payment.
Botox maker’s third quarter non-GAAP EPS fell 2.6% yoy to $3.32 vs estimate of $3.56.
Revenues in period rose 4.4% to $3.62 bn but missed estimate of $3.73 bn.
Allergan expands share buyback program to $15 bn from $10 bn.
To initiate quarterly dividend of $0.70 per share starting Q1 2017.