Stock Track | Ardelyx Surges 5% After Reporting Robust Q3 Revenue Growth and Better-Than-Expected Earnings

Stock Track11-01

Shares of Ardelyx Inc. (ARDX) soared 5.11% on Wednesday, November 1, after the biopharmaceutical company reported strong third-quarter financial results, driven by robust revenue growth and better-than-expected earnings.

The company's total revenue for the quarter ended September 30, 2024, surged 74.2% year-over-year to $98.2 million, exceeding analysts' expectations of $86.64 million. This impressive growth was fueled by increased sales of Ardelyx's two key products, IBSRELA and XPHOZAH.

IBSRELA, a treatment for irritable bowel syndrome with constipation (IBS-C), saw its net product sales nearly double compared to the same period last year, reaching $40.6 million. The sales growth was further bolstered by a 15% increase from the second quarter of 2024, highlighting the product's strong demand and market acceptance.

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(ARDX) soared 5.11% on Wednesday, November 1, after the biopharmaceutical company reported strong third-quarter financial results, driven by robust revenue growth and better-...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARDX","symbol_name":"Ardelyx","start_time":0,"source_url":"","article_id":"1169224834","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169224834","pubTimestamp":1730468079,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Ardelyx Inc.  soared 5.11% on Wednesday, November 1, after the biopharmaceutical company reported strong third-quarter financial results, driven by robust revenue growth and better-than-expected earnings.The company's total revenue for the quarter ended September 30, 2024, surged 74.2% year-over-year to $98.2 million, exceeding analysts' expectations of $86.64 million. 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