Eagle Pharmaceuticals, Inc. Reports Second Quarter 2018 Results

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Eagle Pharmaceuticals (EGRX) PT Raised to $84 at RBC Capital

August 8, 2018 8:32 AM EDT

RBC Capital raised its price target on Eagle Pharmaceuticals (NASDAQ: EGRX) to $84.00 (from $74.00) while maintaining a Outperform rating.

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Eagle Pharmaceuticals (EGRX) Tops Q2 EPS by 15c, Revenues Beat

August 7, 2018 6:52 AM EDT

Eagle Pharmaceuticals (NASDAQ: EGRX) reported Q2 EPS of $0.95, $0.15 better than the analyst estimate of $0.80. Revenue for the quarter came in at $59.3 million versus the consensus estimate of $51.23 million.

Total revenue for the second quarter of 2018 was $59.3 million, compared to $50.1 million in the second quarter of 2017;Eagle launched bendamustine hydrochloride 500ml solution (Big Bag) on May 15, 2018 and Big Bag product sales were $8.1 million in the second quarter of 2018;Q2 2018 Ryanodex product sales were $7.2 million, up 38% compared to Q2 2017;Q2 2018 net income was $2.7 million, or $0.18 per basic and $0.17 per diluted... More