Aegerion Pharmaceuticals (AEGR) Misses Q3 EPS by 6c, Lowers JUXTAPID Guidance
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Aegerion Pharmaceuticals (NASDAQ: AEGR) reported Q3 EPS of ($0.20), $0.06 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $43.7 million versus the consensus estimate of $48.6 million.
2014 and 2015 Financial Guidance
Aegerion stated the following financial guidance:
Aegerion now expects full-year JUXTAPID net product sales to be between $150 and $160 million, revised from the previous expectation of the lower end of the range of between $180 and $200 million.
Aegerion now expects total operating expenses, excluding stock-based compensation, of between $135 and $145 million for FY 2014. The Company expects GAAP operating expenses in 2014, including stock-based compensation, to be between $165 and $175 million.
Aegerion expects 2015 revenue growth of between 30% and 40% over 2014 projected revenue, taking into account forecasted prescription rates, drop-out rates, conversion trends, and the potential slowing impact on new patients starts following the anticipated launch of the PCSK-9 class of drugs in mid-2015, an impact Aegerion believes will ultimately be offset, in whole or part, through the identification of more HoFH patients as a result of the greater disease awareness likely to follow introduction of PCSK-9 inhibitors.
For earnings history and earnings-related data on Aegerion Pharmaceuticals (AEGR) click here.
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