PDL BioPharma Earnings: Here’s Why Investors are Buying Shares Now
PDL BioPharma, Inc. (NASDAQ:PDLI) 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 1.48%.
PDL BioPharma, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 19.23% to $0.62 in the quarter versus EPS of $0.52 in the year-earlier quarter.
Revenue: Rose 14.06% to $143.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PDL BioPharma, Inc. reported adjusted EPS income of $0.62 per share. By that measure, the company beat the mean analyst estimate of $0.54. It beat the average revenue estimate of $138.2 million.
Key Stats (on next page)…