Upgrade to SI Premium - Free Trial

United Therapeutics (UTHR) Tops Q2 EPS by 76c, Sales Easily Beat

July 27, 2017 6:15 AM

United Therapeutics (NASDAQ: UTHR) reported Q2 EPS of $4.37, $0.76 better than the analyst estimate of $3.61. Revenue for the quarter came in at $444.6 million versus the consensus estimate of $391.53 million.

"Our second quarter total net revenues reached $445 million, our highest quarterly net revenue level ever," said Martine Rothblatt, Ph.D., United Therapeutics Chairman and Chief Executive Officer. "We continue to believe that Orenitram is well-positioned given the large and growing number of pulmonary arterial hypertension (PAH) patients in need of a true prostacyclin analogue therapy following their use of other oral therapies, and we think we are beginning to see the early signs of this transition reflected in Orenitram\'s 21% growth in second quarter net revenues as compared to the second quarter of 2016. We are also advancing a growing number of pipeline priorities such as our new chemical entity esuberaprost, which has fully enrolled its phase III BEAT study, our phase III studies of new indications related to pulmonary fibrosis and heart failure, and our new organ manufacturing technologies, since lung transplantation is currently the only curative treatment for PAH."

For earnings history and earnings-related data on United Therapeutics (UTHR) click here.

Categories

Earnings Guidance Hot Earnings

Next Articles