La Jolla Pharmaceutical (LJPC) Tops Q1 EPS by 9c

August 8, 2016 4:45 PM EDT
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La Jolla Pharmaceutical (NASDAQ: LJPC) reported Q1 EPS of ($0.90), $0.09 better than the analyst estimate of ($0.99).

As of June 30, 2016, La Jolla had $100.6 million in cash and cash equivalents, compared to $126.5 million as of December 31, 2015. The decrease in cash and cash equivalents was primarily due to net cash used for operating activities. Based on current operating plans and projections, La Jolla believes that its current cash and cash equivalents are sufficient to fund operations into 2018.

For earnings history and earnings-related data on La Jolla Pharmaceutical (LJPC) click here.

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