Jazz: 2Q Earnings Snapshot
Jazz: 2Q Earnings Snapshot
DUBLIN (AP) _ Jazz Pharmaceuticals PLC (JAZZ) on Tuesday reported second-quarter profit of $92.3 million.
On a per-share basis, the Dublin-based company said it had net income of $1.50. Earnings, adjusted for one-time gains and costs, were $3.49 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.22 per share.
The drugmaker posted revenue of $500.5 million in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $469.8 million.
Jazz expects full-year earnings in the range of $12.75 to $13.25 per share, with revenue in the range of $1.88 billion to $1.93 billion.
Jazz shares have increased 34 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $179.90, an increase of 16 percent 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 JAZZ at https://www.zacks.com/ap/JAZZ