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Ardelyx: Q4 Earnings Snapshot
By AP News - Feb 20, 2025, 07:52 AM ET
Last Updated - Feb 20, 2025, 07:52 AM EST
WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Ardelyx Inc. (ARDX) on Thursday reported fourth-quarter net income of $4.6 million, after reporting a loss in the same period a year earlier.
The Waltham, Massachusetts-based company said it had net income of 2 cents per share.
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The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.
The biotechnology company posted revenue of $116.1 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $111.2 million.
For the year, the company reported that its loss narrowed to $39.1 million, or 17 cents per share. Revenue was reported as $333.6 million.
Ardelyx shares have climbed 25% since the beginning of the year. The stock has declined 26% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARDX at https://www.zacks.com/ap/ARDX
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