Travere Therapeutics' Shares Hit 52-Week High After Swing to 3Q Profit

Dow Jones10-31

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)

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