Supernus Posts 3Q EPS of 35 Cents
SUPN is trading near its 52-week low of $37.54 (11% above the low) on elevated volume (2.1× avg).
Summary
Supernus reported third-quarter EPS of 35 cents, with net income of $20.9M and revenue of $226.8M, the first look at its quarterly profit since the August 3 merger announcement with Indivior. The all-stock combination is set to close November 2: the definitive proxy set October 15 shareholder votes and detailed a $1B special dividend to Indivior holders, and supplemental proxy filings followed stockholder lawsuits over the merger disclosures. Q2 set a high bar at $219.1M revenue, up 32% year over year, though a $54.9M APOKYN impairment pushed that quarter to a $58.4M net loss.
At the time of this announcement, SUPN was trading at $41.84 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $37.54 to $59.68. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.