Akorn reports Q1 adjusted EPS (10c), consensus (20c)
Reports Q1 revenue $166M, consensus $153.52M. Douglas Boothe, Akorn's President and Chief Executive Officer, stated, "We are pleased with the initial progress made across the organization executing against our operations, quality systems and compliance enhancement initiatives. As a result, our first quarter financial results were stronger than anticipated and benefited from the resumption of full operations, improvement in product availability and strong demand across our diversified lines of business. We believe that continued focus on these initiatives will provide us with a path to long-term, profitable growth." Boothe further commented, "As part of our confidence in our business fundamentals and in our ability to execute on the strategic growth objectives, we are providing guidance for the full year 2019. We believe this is a strong step in the right direction as we get back to running our company with a freedom to operate and focus on creating value for our stakeholders."