Supernus Pharmaceuticals IncSupernus reported Q2 revenues of $211.3M, up 27.7% YoY and beating estimates, with full-year operating income and revenue guidance topping expectations.
Supernus Pharmaceuticals reported second-quarter revenues of $211.3 million, up 27.7% year on year and exceeding analysts' expectations by 2.8%, as the broader group of 9 branded pharmaceuticals stocks tracked reported a strong quarter with revenues beating consensus estimates by 6.6% as a group. The company said full-year operating income guidance exceeded analysts' expectations and full-year revenue guidance slightly topped them, prompting President and CEO Jack Khattar to cite the continued strength and sustained momentum of its growth products and continued execution on its commercial strategy. Despite the beat, Supernus shares are down 5.9% since reporting and currently trade at $41.99. Among peers, Bristol-Myers Squibb reported revenues of $12.97 billion, up 5.7% year on year and 12.9% above expectations, while Corcept Therapeutics posted revenues of $256.1 million, up 31.7% and 21.6% above estimates, the biggest beat and highest full-year guidance raise of the group. Zoetis delivered the weakest performance, with revenues of $2.47 billion, flat year on year and 1.5% below expectations, alongside a significant miss of full-year EPS guidance estimates.
Supernus Pharmaceuticals IncSupernus reported Q2 revenues of $211.3M, up 27.7% YoY and beating estimates, with full-year operating income and revenue guidance topping expectations.
Bristol-Myers Squibb CompanyBristol-Myers Squibb reported Q2 revenues of $12.97B, up 5.7% YoY and 12.9% above expectations.
Corcept Therapeutics IncorporatedCorcept Therapeutics posted revenues of $256.1M, up 31.7% and 21.6% above estimates, the biggest beat and highest guidance raise of the group.
Merck & Company Inc
Zoetis IncZoetis delivered the weakest performance with revenues flat YoY and 1.5% below expectations, plus a significant miss of full-year EPS guidance.