2021-08-04 10:16:12 | Horizon Therapeutics jumps on earnings beat, stronger guidanceShares of Horizon Therapeutics (HZNP) are on the rise on Wednesday after the company reported better-than-expected quarterly results and increased its full year revenue guidance. RESULTS: Horizon Therapeutics reported second quarter earnings per share of $1.62, which was better than the expected 88c. This compares to earnings of 40c per share a year ago. The company also reported revenue of $832.5M for the quarter, with consensus at $685.03M. This compares to year-ago revenues of $462.8M. Additionally, Horizon increased its full year 2021 net sales guidance to $3.025B-$3.125B, and its full year 2021 adjusted EBITDA guidance to $1.26B-$1.30B. PRICE ACTION: In Wednesday morning trading, shares of Horizon Therapeutics have gained almost 10% to $109.65. | |
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