ANI Pharmaceuticals, Inc. (ANIP) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $17.801 million, or $0.82 per share. This compares with $1.033 million, or $0.06 per share, in last year's first quarter.
Excluding items, ANI Pharmaceuticals, Inc. reported adjusted earnings of $23.466 million or $1.21 per share for the period.
Analysts on average had expected the company to earn $1 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 28.7% to $137.430 million from $106.786 million last year.
ANI Pharmaceuticals, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $17.801 Mln. vs. $1.033 Mln. last year.
-EPS (Q1): $0.82 vs. $0.06 last year.
-Revenue (Q1): $137.430 Mln vs. $106.786 Mln last year.
-Guidance:
Full year EPS guidance: $4.26 to $4.67
Full year revenue guidance: $520 to $542 Mln
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