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Stock impact report

ANI Pharmaceuticals Shares Climb After 4Q Earnings, Outlook Beat Estimates [MarketWatch]

ANI Pharmaceuticals, Inc. (ANIP) 
Last ani pharmaceuticals, inc. earnings: 2/27 08:30 am Check Earnings Report
Company Research Source: MarketWatch
At 11:53 a.m. ET, shares were up 14% at $68.51. The stock has surged 52% in the past 12 months. Advertisement The pharmaceutical company posted a net profit of $1.2 million, or 4 cents a share, compared with a loss of $4.2 million, or 28 cents a share, for the same period a year earlier. Stripping out one-time items, the company's earnings per share came in at $1.00. Analysts polled by FactSet had forecast adjusted earnings per share of 86 cents. Revenue surged 40% to $131.7 million, beating the $124.9 million expected by analysts. For 2024, ANI Pharmaceuticals expects revenue to grow to $520 million to $542 million, ahead of analysts views for revenue of $506.2 million. "We expect our rare disease business to remain the primary driver of growth, with our Cortrophin Gel franchise estimated to deliver more than a 50% year-on-year increase in revenues in 2024," Chief Executive Nikhil Lalwani said on the company's outlook. Write to Sabela Ojea at sabela.ojea@wsj.com; @sabe Show less Read more
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