Shares of Supernus Pharmaceuticals (NASDAQ:SUPN) tumbled 12.28% in after-hours trading on Tuesday, despite the company reporting better-than-expected third-quarter results. The sharp decline reflects investor concerns over the company's profitability and modest revenue growth.
Supernus reported a quarterly loss of $0.80 per share, which, while beating analyst estimates of a $1.10 loss, represents a significant downturn from the $0.69 earnings per share reported in the same period last year. This 215.94% decrease in earnings appears to have rattled investors. Additionally, the company posted an operating loss of $60.231 million for the quarter, further fueling concerns about its financial performance.
On a more positive note, Supernus reported quarterly sales of $192.103 million, surpassing analyst expectations of $180.523 million by 6.41%. However, this represents only a 9.34% increase from the $175.689 million reported in the same quarter last year, which may have been viewed as insufficient growth by some investors. The company also provided guidance for full-year revenue between $685-705 million and adjusted operating earnings of $125-145 million, which may have fallen short of market expectations, contributing to the stock's after-hours plunge.
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