VIVUS Earnings: Here’s Why Investors Don’t Like These Results
VIVUS Inc. (NASDAQ:VVUS) had a loss and missed Wall Street’s expectations, AND 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 down 5.15%.
VIVUS Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.53 in the quarter versus EPS of $-0.20 in the year-earlier quarter.
Revenue: Was the same at $4.11 million as the year-earlier quarter.
Actual vs. Wall St. Expectations: VIVUS Inc. reported adjusted EPS loss of $0.53 per share. By that measure, the company missed the mean analyst estimate of $-0.51. It missed the average revenue estimate of $5.22 million.
Quoting Management: “The FDA’s approval of the REMS modification allowing distribution of Qsymia through certified retail pharmacy locations was a significant achievement in our ongoing efforts to expand access to Qsymia,” stated Leland Wilson, chief executive officer of VIVUS. “We have begun to lay the foundation and our team is working diligently to ensure availability of Qsymia in certified retail pharmacies.”
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