Catalyst: Q1 Earnings Snapshot
CORAL GABLES, Fla. (AP) — CORAL GABLES, Fla. (AP) — Catalyst Pharmaceutical Partners Inc. (CPRX) on Wednesday reported first-quarter profit of $29.6 million.
On a per-share basis, the Coral Gables, Florida-based company said it had net income of 26 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The specialty drug company posted revenue of $85.4 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $83 million.
Catalyst expects full-year revenue in the range of $375 million to $385 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPRX at https://www.zacks.com/ap/CPRX
