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0 0.0063710592801436 0.00508952436747099 0.00508952436747099 0.00289260737431809 0.00252645454212597 -0.0112042766650798 0.0559389989381568
Stock impact report

ELTP Stock Declines Despite Solid Q2 Earnings and Revenue Performance [Yahoo! Finance]

Elite Pharmaceuticals, Inc. (ELTP) 
NASDAQ:AMEX Investor Relations: ir.elitepharma.com
Company Research Source: Yahoo! Finance
This compares with the S&P 500 Index's 2.2% loss over the same period. Over the past month, Elite stock plunged 4.9%, while the S&P 500 slipped 2%. ELTP's Earnings and Revenue Performance In the second quarter of fiscal 2026, Elite Pharmaceuticals posted revenues of $36.3 million, up 92.4% year over year from $18.9 million, driven largely by the launch and rapid expansion of its lisdexamfetamine (generic Vyvanse) product line. Income from operations surged 135.7% year over year to $8.2 million from $3.5 million, reflecting increased scale and a stronger product mix. ELTP's gross profit of $14.1 million rose 71.7% year over year from $8.2 million, although margins tightened sequentially due to price competition in the generic Vyvanse market and one-time wholesaler stocking fees. Elite Pharmaceuticals posted net income of $13.7 million for the quarter, translating to earnings of $0.01 per share, against a net loss of $11 million, or 1 cent per share in the year-ago period. R&D spe Show less Read more
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