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BUZZ-India's Glenmark Pharma slumps on Q4 profit miss
May 12, 2017 / 4:23 AM / 7 months ago

BUZZ-India's Glenmark Pharma slumps on Q4 profit miss

** Shares of Glenmark Pharmaceuticals fall as much as 16.3 percent in early trade

** Co posted a consolidated Q4 profit of 1.84 bln rupees ($28.62 million), missing analysts' estimates of 5.93 bln rupees, as sales across Europe and Latin America fell (bit.ly/2q7BNMY)

** Stock hits lowest since June 24, 2016

** Shares post biggest pct intraday fall since Aug. 19, 2009 ($1 = 64.2825 Indian rupees)

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