Revenues Beat Expectations, EPS Lags
Amphastar Pharmaceuticals (NASDAQ:AMPH) Second Quarter 2024 ResultsKey Financial Results
Revenue: US$182.4m (up 25% from 2Q 2023).
Net income: US$37.9m (up 45% from 2Q 2023).
Profit margin: 21% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: US$0.78 (up from US$0.54 in 2Q 2023).
earnings-and-revenue-growth
All figures shown in the chart above are for the trailing 12 month (TTM) period
Amphastar Pharmaceuticals Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Pharmaceuticals industry in the US.
Performance of the American Pharmaceuticals industry.
The company’s shares are up 3.8% from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we did also find 1 warning sign for Amphastar Pharmaceuticals that you need to be mindful of.
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