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A pharmaceutical company announces that it has received Federal Drug Administration approval for a new allergy drug that completely prevents hay fever. The consensus analyst
A pharmaceutical company announces that it has received Federal Drug Administration approval for a new allergy drug that completely prevents hay fever. The consensus analyst forecast for the companys earnings per share EPS is $ and insiders agree with analyst expectations. They too expect that, with this new drug, earnings will drive the EPS to $ What will happen when the company releases its next earnings report?
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