Santarus Earnings: Here’s Why Investors are Happy Now
Santarus Inc. (NASDAQ:SNTS) 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 10.55%.
Santarus Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 2400% to $0.25 in the quarter versus EPS of $0.01 in the year-earlier quarter.
Revenue: Rose 73.15% to $79.44 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Santarus Inc. reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $74.7 million.
Quoting Management: “We are pleased with the strong financial performance in first quarter of 2013 and the substantial increase in revenue and profitability over the prior year period,” said Gerald T. Proehl, president and chief executive officer of Santarus. “Based on the strength of our first quarter results we are raising our top and bottom-line financial outlook for 2013.”
Key Stats (on next page)…