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Actavis has announced that its adjusted earnings for the fourth quarter will be a bit better than it previously expected.

Actavis said in October that it expected to earn between $2.95 and $3.05 per share in the fourth quarter, excluding one-time charges and gains. It now says its net income will be above the high end of that estimate.

According to FactSet, analysts were forecasting earnings of $2.96 per share on average.

Actavis PLC is scheduled to report its fourth-quarter results on Feb. 20.

Its shares rose $5.26, or 2.9 percent, to $186.55 in midday trading Tuesday.

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