Amicus Therapeutics (FOLD) Tops Q3 EPS by 1c; Affirms FY16 Net Cash Spend Outlook

November 7, 2016 7:45 AM EST
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Price: $5.37 -0.37%

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Benefit from income taxes: 253K

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Amicus Therapeutics (NASDAQ: FOLD) reported Q3 EPS of ($0.33), $0.01 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $2.1 million versus the consensus estimate of $1.71 million.

2016 Financial Guidance

Cash, cash equivalents, and marketable securities totaled $212.4 million at September 30, 2016. As previously announced, the Company strengthened the balance sheet during the third quarter of 2016 with $39.3 million in net proceeds through the at-the-market (ATM) facility and has raised the full $100 million allotted for the ATM facility. The Company expects to remain within the original 2016 net cash spend guidance of between $135 million and $155 million.

For earnings history and earnings-related data on Amicus Therapeutics (FOLD) click here.

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