DURECT Corporation Announces First Quarter 2015 Financial Results and Update of Programs
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May 1, 2015 7:23 AM EDT
Cantor Fitzgerald analyst Irina Rivkind Koffler reiterated a Buy rating and bumped her price target on Durect Corp (NASDAQ: DRRX) to $3.00 (from $2.50) following solid Q1 results and multiple catalysts ahead.
Koffler commented, "Durect reported revenues of $4.8M and a net loss of ($0.04) relative to FactSet consensus of $4.8M and ($0.06). We have added cash from two potential Relday-associated milestones to our 2016 and 2017 collaborative R&D revenue estimates (we estimate $4.8M each based on management comments), while conservatively excluding what we believe is a... More
April 30, 2015 5:01 PM EDT
DURECT Corp (NASDAQ: DRRX) reported Q1 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $4.77 million versus the consensus estimate of $4.82 million.
For earnings history and earnings-related data on DURECT Corp (DRRX) click here.
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