Elanco sees Q4 adjusted EPS 9c-12c, consensus 14c

Sees Q4 revenue $1.09B-$1.11B, consensus $1.08B. Sees Q4 adjusted EBITDA $168M-$188M. The company said, “In the fourth quarter, Elanco (ELAN) expects a tailwind to revenue of approximately $10 million from the favorable impact of foreign exchange rates compared to the prior year. Excluding the impacts of foreign exchange rates and royalty revenue sold to a third party, the company expects 4% to 6% organic constant currency revenue growth. The company expects operating expenses up approximately 10% year over year in constant currency with strategic investment in the global launches of the innovation portfolio and a shift in timing of some expenses.”