Vanda Pharmaceuticals Earnings: Here’s Why Shares are Up Now
Vanda Pharmaceuticals, Inc. (NASDAQ:VNDA) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.82%.
Vanda Pharmaceuticals, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.15 in the quarter versus EPS of $-0.28 in the year-earlier quarter.
Revenue: Decreased 0.49% to $8.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vanda Pharmaceuticals, Inc. reported adjusted EPS loss of $0.15 per share. By that measure, the company beat the mean analyst estimate of $-0.25. It missed the average revenue estimate of $8.42 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…