Horizon Therapeutics (HZNP) Misses Q2 EPS by 26c

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Horizon Therapeutics plc Reports Second-Quarter 2022 Financial Results and Revises Full-Year 2022 Net Sales and Adjusted EBITDA Guidance

August 3, 2022 7:00 AM EDT

Second-Quarter 2022 Results:
-- Net Sales of $876.4 Million; Orphan Segment Net Sales Increased 13% to $841.3 Million --
-- GAAP Net Income of $61.0 Million; Adjusted EBITDA of $306.6 Million --
-- TEPEZZA® (teprotumumab-trbw) Net Sales of $479.8 Million --
-- KRYSTEXXA® (pegloticase injection) Net Sales of $167.8 Million --
-- Cash Position of $1.89 Billion as of June 30, 2022 --

Revises Full-Year 2022 Guidance:
-- Full-Year 2022 Net Sales Guidance of $3.53 Billion to $3.60 Billion, Reflecting Revised Net Sales Expectations for TEPEZZA and Inflammation Segment... More