By Nicholas G. Miller
Shares of Travere Therapeutics rose after the company beat analysts' expectations in swinging to a third-quarter profit.
The stock rose 14% to $33.67, and at one point touched a new 52-week high of $35 in Friday morning training. Shares are up 93% this year.
The pharmaceutical company swung to a profit of $25.7 million, or 28 cents a share, compared with a loss of $54.8 million, or 70 cents a share, the year prior.
Adjusted earnings were 59 cents a share. Analysts expected a loss of 5 cents a share, according to FactSet.
Net product sales rose to $113.2 million from $61 million, fueled by sales growth for its Filspari kidney disease drug. Wall Street expected $105.2 million.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
October 31, 2025 11:39 ET (15:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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