Stock Track | Supernus Pharmaceuticals Soars on Strong Q3 Results and Raised Outlook

Stock Track11-05

Supernus Pharmaceuticals (SUPN) stock surged over 9% in pre-market trading on Monday, November 5th, 2024, after the pharmaceutical company reported impressive third-quarter results and raised its full-year revenue guidance.

The company's Q3 2024 revenue grew 14.2% year-over-year to $175.7 million, beating analyst estimates of $157.3 million. This growth was driven by strong performance from key products like KVIS, which saw net sales increase by a staggering 68% compared to the same period last year.

Supernus Pharmaceuticals also swung to a net profit of $38.5 million or $0.69 per diluted share in Q3 2024, compared to a net loss of $16 million in the same quarter last year. This significant earnings beat, which surpassed analyst expectations of $0.44 per share, was a major positive surprise for investors.

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