Here's Why Endo International plc Jumped 37.9% Higher in August [The Motley Fool]
Endo International plc - Ordinary Shares (ENDP)
Last endo international plc - ordinary shares earnings: 2/26 06:00 am
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Source: The Motley Fool
A strong second quarter sends shares higher. Brian Orelli ( TMFBiologyFool ) Sep 5, 2018 at 10:00AM What happened Shares of Endo International ( NASDAQ:ENDP ) jumped 37.9% in August according to data provided by S&P Global Market Intelligence after the biotech released second quarter earnings and raised its 2018 revenue and earnings guidance. So what Like other generic-drug companies, Endo's generic-drug segment is struggling. U.S. generic-drug sales came in at $241 million in the second quarter, compared with $383 million in the year-ago quarter. That's a 37% decrease. Yikes. Fortunately, most of the rest of Endo's products are doing well. Sales of Xiaflex, which treats a pair of rare diseases called Dupuytren's contracture and Peyronie's disease, jumped 27% year over year. And sales of sterile injectable drugs were up 21%. All told,
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