Spectrum Pharmaceuticals, Inc. (SPPI) Tops Q1 EPS by 13c
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Price: $1.03 --0%
Financial Fact:
Provision for income taxes: 500K
Today's EPS Names:
OFLX, VAXX, NMRD, More
Financial Fact:
Provision for income taxes: 500K
Today's EPS Names:
OFLX, VAXX, NMRD, More
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Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) reported Q1 EPS of $0.40, $0.13 better than the analyst estimate of $0.27. Revenue for the quarter came in at $60 million versus the consensus estimate of $56.93 million.
"The first quarter represents an unprecedented milestone in the history of the company, with approximately $46.5 million reported in net profits and a record EPS of $0.71," said Rajesh C. Shrotriya, MD, Chairman, Chief Executive Officer, and President of Spectrum Pharmaceuticals. "Our earnings were driven by strong pull through of FUSILEV and a judicious management of our operating expenses. I am proud that, while we are preparing to integrate two key acquisitions, we continue to be focused on growing our core business profitably. Fiscal discipline will remain a core part of our strategy, which we believe will continue to serve our shareholders well in the future."
For earnings history and earnings-related data on Spectrum Pharmaceuticals, Inc. (SPPI) click here.
"The first quarter represents an unprecedented milestone in the history of the company, with approximately $46.5 million reported in net profits and a record EPS of $0.71," said Rajesh C. Shrotriya, MD, Chairman, Chief Executive Officer, and President of Spectrum Pharmaceuticals. "Our earnings were driven by strong pull through of FUSILEV and a judicious management of our operating expenses. I am proud that, while we are preparing to integrate two key acquisitions, we continue to be focused on growing our core business profitably. Fiscal discipline will remain a core part of our strategy, which we believe will continue to serve our shareholders well in the future."
For earnings history and earnings-related data on Spectrum Pharmaceuticals, Inc. (SPPI) click here.
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