STOUGHTON, Mass. (AP) — STOUGHTON, Mass. (AP) — Collegium Pharmaceutical Inc. (COLL) on Thursday reported second-quarter net income of $19.6 million.
The Stoughton, Massachusetts-based company said it had profit of 52 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.62 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The specialty pharmaceutical company posted revenue of $145.3 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $143.7 million.
Collegium Pharmaceutical expects full-year revenue in the range of $580 million to $595 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COLL at https://www.zacks.com/ap/COLL
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