PDL BioPharma Reports 2019 Third Quarter Financial Results

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PDL BioPharma (PDLI) Misses Q3 EPS by 21c, Revenues Beat

November 6, 2019 6:01 PM EST

PDL BioPharma (NASDAQ: PDLI) reported Q3 EPS of ($0.16), $0.21 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $44.2 million versus the consensus estimate of $33.86 million.

"Third quarter revenues exceeded $44 million driven by continued growth from the LENSAR Laser System and strong contributions from our royalty assets, both of which are tracking ahead of our previous guidance range," said Dominique... More