Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
✔
Comment & Reply✔
Newsletter Access✔
Follow Authors✔
Share via SMS Go Back
Aurinia: Q2 Earnings Snapshot
By AP News - Aug 01, 2024, 10:03 AM ET
Last Updated - Aug 01, 2024, 10:03 AM EDT
EDMONTON, Alberta (AP) — EDMONTON, Alberta (AP) — Aurinia Pharmaceuticals Inc. (AUPH) on Thursday reported second-quarter net income of $722,000, after reporting a loss in the same period a year earlier.
The Edmonton, Alberta-based company said it had profit of 1 cent per share. Earnings, adjusted for restructuring costs, were 2 cents per share.
Sponsored
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The biotechnology company posted revenue of $57.2 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $54.9 million.
Aurinia shares have dropped 34% since the beginning of the year. The stock has declined 49% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUPH at https://www.zacks.com/ap/AUPH
Sponsored
Read More from Investing
Popular News
Latest News
