ANI Pharmaceuticals Leads Q2 Revenue Growth But Guides Weakest

Earnings

โดย Yahoo Finance·

Summary · why it matters

ANI Pharmaceuticals reported second-quarter revenues of $266 million, up 25.9% year on year, beating analysts' expectations by 2.4%, but its full-year revenue guidance slightly missed estimates, making it the weakest guidance update among the four generic pharmaceuticals stocks tracked. The group as a whole beat consensus revenue estimates by 2.6%, with Amphastar Pharmaceuticals posting revenues of $183.9 million, up 5.4% year on year and beating expectations by 2%, while Viatris reported revenues of $3.76 billion, up 4.9% year on year and exceeding expectations by 2.2%, and Amneal reported revenues of $796.2 million, up 9.9% year on year and beating expectations by 3.6%. Despite the strong revenue performance, share prices of the four companies have fallen an average of 5.6% since their latest earnings results, with ANI Pharmaceuticals down 9.1% to $75.12, Viatris down 7.6% to $16.32, Amneal down 8.3% to $17.52, and Amphastar up 2.3% to $20.28.