The Probable Reason Why Adamas Pharmaceuticals Inc. Is Down Big Today [The Motley Fool]
Adamas Pharmaceuticals, Inc. (ADMS)
Last adamas pharmaceuticals, inc. earnings: 2/25 04:03 pm
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Source: The Motley Fool
Shares fall hard after the company reports good news. What's going on? Brian Feroldi ( TMFTypeoh ) Nov 2, 2018 at 11:37AM What happened After the company reported third-quarter results, shares of Adamas Pharmaceuticals ( NASDAQ:ADMS ) , a commercial-stage biopharma focused on chronic neurological disorders, fell 23% as of 11:20 a.m. EDT on Friday. So what Here's a look at the key numbers from the third quarter: Revenue from sales of the Parkinson's disease drug Gocovri were $10.6 million during the quarter. That topped Wall Street's estimate of $10.1 million. Net loss per share was $33.2 million, or $1.22 per share. That was higher than the year-ago period, but it was lower than the $1.34 loss that market watchers were expecting. Cash balance at quarter end was $233.2 million. Image source: Getty Images. In a separate news item
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