ARIAD Pharma (ARIA) Tops Q3 EPS by 3c

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Chardan Capital Keeps ARIAD (ARIA) at 'Neutral'; Q3 Results Top on Lower R&D Expenses

November 6, 2014 9:10 AM EST

Chardan Capital affirms ARIAD Pharma (Nasdaq: ARIA) at Neutral following Q3 results and outlook reported on Wednesday night.

Analyst Ling Wang commented, ARIA reported 3Q14 revenues of $14.7MM, missing consensus estimate of $16.3MM, but in line with our estimate of $14.6MM. 3Q14 EPS of ($0.27) beat both consensus estimate ($0.29) and our estimate ($0.32), due to lower than projected R&D expenses. 3Q14 Iclusig sales were $14.5MM, including sales in the U.S. of $10.5MM and in EU of $4MM. ARIA ended 3Q14 with cash & equivalents of ~$273MM, which should be sufficient to fund operations into... More