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The company saw revenues decline by 1 percent, reflecting the negative impact of the foreign exchange ($57 million over Q3 2013), and a $26 million reduction in operating income. In a rather expected move, however, Teva lowered 2015 guidance due to what it expects to be a bumpy year for its thriving generic business. Management has stated several explanations for this move: a greater impact of unfavorable foreign exchange rate fluctuations, a higher cost base, and, most importantly, generic competition..

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