Cempra (CEMP) Tops Q3 EPS by 2c

Cempra (NASDAQ: CEMP) reported Q3 EPS of ($0.62), $0.02 better than the analyst estimate of ($0.64). Revenue for the quarter came in at $360 thousand versus the consensus estimate of $3.9 million.

As of September 30, 2016, Cempra had cash and equivalents of $248.9 million and 52.4 million shares outstanding. In the third quarter, the company utilized its ATM financing facility with the sale of approximately 1.6 million shares resulting in net proceeds of approximately $29.2 million.

For earnings history and earnings-related data on Cempra (CEMP) click here.

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