Forest to detail strategic plan by January

New CEO Brenton Saunders said Forest Laboratories Inc. (NYSE:FRX) is conducting a review of its operations and will announce a plan for the company by January. On a call to discuss Forest's earnings, Saunders said the plan could include pipeline deals, a share repurchase or dividends.

Forest reported net revenues for fiscal 2Q14 of $855.3 million, up 12% from fiscal 2Q12 and beating the Street's estimate of $841 million. The company also introduced non-GAAP EPS guidance of $0.95-$1.15 for the fiscal year ending March 31, 2014. The Street was expecting $0.96. ...