Catalyst's (CPRX) Q2 Earnings And Revenues Beat Estimates
Zacks Investment Research | Aug 07, 2019 09:26PM ET
Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) reported earnings of 10 cents per share in the second quarter of 2019, which beat the Zacks Consensus Estimate of 3 cents. The company reported a loss of 6 cents in the year-ago quarter.
The company’s revenues of $28.8 million in the second quarter of 2019 surpassed the Zacks Consensus Estimate of $19 million. It did not record any revenue in the year-ago quarter. Revenues came entirely from Firdapse, the company’s first approved drug for the treatment of Lambert-Eaton myasthenic syndrome (LEMS). The drug was launched in the United States in January 2019 after receiving the FDA approval in November 2018.
So far this year, Catalyst’s shares have soared 167.2% year to date compared with the Original post
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