Endo Health Solutions Earnings: Here’s Why Investors are Happy Now
Endo Health Solutions (NASDAQ:ENDP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.62%.
Endo Health Solutions Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.81% to $1.42 in the quarter versus EPS of $1.27 in the year-earlier quarter.
Revenue: Decreased 2.37% to $766.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Endo Health Solutions reported adjusted EPS income of $1.42 per share. By that measure, the company beat the mean analyst estimate of $1.15. It beat the average revenue estimate of $721.01 million.
Quoting Management: “I’m pleased with the progress that the company has made in implementing our new strategic vision,” said Rajiv De Silva, president and CEO of Endo. “We’re making good progress on all of the actions we announced on June 5. Our expense reduction efforts are on track to meet our objectives, we have made progress in the exploration of strategic alternatives for HealthTronics and our branded pharmaceutical discovery platform, and we have positive organic growth momentum within each of our core businesses. I believe that with a continued sharp focus on our strategic priorities, the right cost structure and disciplined execution, Endo will meet and strive to exceed the expectations of our customers, employees, shareholders and patients.”
Key Stats (on next page)…