Kiniksa Posts Q3 EPS of 56 Cents
KNSA has more than doubled off its 52-week low of $35.2 on elevated volume (2.5× avg).
Summary
Kiniksa reported third-quarter earnings per share of 56 cents, per Dow Jones Newswires, with net income of $47.3M and revenue of $286M. That follows a strong second quarter in which ARCALYST revenue hit $243.6M, up 55% year over year, and management raised full-year guidance to $980–$995M. The stock trades near $75 with a roughly $5.7B market cap, so a profitable quarter at this level is consistent with the growth story rather than a surprise reset. Watch for ARCALYST revenue and whether the $980–$995M guidance range holds or moves.
At the time of this announcement, KNSA was trading at $74.99 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $35.20 to $84.06. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.