Schering-Plough
This article was originally published in The Rose Sheet
Executive Summary
Sun care revenues soared to $21 mil. during the third quarter compared with $3 mil. in the prior year period, benefiting from the "successful launch" of Coppertone Continuous Spray sun care products, company announces in Oct. 24 earnings presentation. Firm launched Continuous Spray earlier this year as the only sunscreen with advanced Airspray technology, releasing product in a mist (1"The Rose Sheet" Feb. 21, 2005, p. 7). Foot care products declined 2% to $85 mil., firm notes. Consumer Health Care sales fell 2% to $235 mil., largely due to lower sales of OTC products, firm notes. Net sales improved 15% to $2.28 bil., while net income to common shareholders more than tripled at $43 mil., compared to $14 mil. last year...
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