- Amneal Pharmaceuticals Inc AMRX reports Q2 revenue of $535 million, an increase of 15% Y/Y, beating the consensus of $523.25 million.
- Sales growth was driven by Generic product launches, specialty products Rytary & Unithroid, and overall volume growth within Generics and AvKARE segments.
- The gross margin expanded from 31% a year ago to 39.7%, buoyed by the Generics segment.
- Adjusted EPS almost doubled to $0.25, ahead of the consensus of $0.19.
- Amneal held cash and equivalents of $283.15 million at the end of Q2.
- Adjusted EBITDA was $151 million, an increase of 50% Y/Y reflective of net income growth.
- Outlook: Amneal maintains previously provided guidance for FY21 with sales of $2.1 billion - $2.2 billion (consensus $2.12 billion).
- It expects adjusted EBITDA of $500 million - $540 million and adjusted EPS of $0.70 - $0.85 (consensus $0.82).
- Price Action: AMRX shares closed at $4.87 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in