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Valeant Pharma's revenue falls for third straight quarter

Published 2017-02-28, 07:11 a/m
© Reuters.  Valeant Pharma's revenue falls for third straight quarter
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Feb 28 (Reuters) - Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.N VRX.TO reported a 12.9 percent fall in quarterly revenue on Tuesday, its third straight quarter of a double-digit percentage decrease, as sales declined across its businesses and realized prices fell.

Net loss attributable to Valeant widened to $515 million, or $1.47 per share in the fourth quarter ended Dec. 31, from $385 million, or $1.12 per share, a year earlier. slipped to $2.40 billion from $2.76 billion.

Laval, Quebec-based Valeant has been trying to rebuild its business and regain investor confidence after it came under investigations over its accounting and pricing practices.

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