Recro Pharma Reports Second Quarter 2019 Financial Results

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Recro Pharma (REPH) Tops Q2 EPS by 29c, Revenues Beat; Raises FY19 Revenue Guidance

August 8, 2019 7:17 AM EDT

Recro Pharma (NASDAQ: REPH) reported Q2 EPS of ($0.13), $0.29 better than the analyst estimate of ($0.42). Revenue for the quarter came in at $31.26 million versus the consensus estimate of $23.59 million.

Our CDMO business has delivered record results, generating $56.3 million in year to date revenues, a 36% increase from the comparable six-month period in 2018, said Gerri Henwood, President and Chief Executive Officer of Recro Pharma. We are very pleased with the sales... More