STOUGHTON, Mass. (AP) — STOUGHTON, Mass. (AP) — Collegium Pharmaceutical Inc. (COLL) on Thursday reported first-quarter net income of $2.4 million.
On a per-share basis, the Stoughton, Massachusetts-based company said it had profit of 7 cents. Earnings, adjusted for one-time gains and costs, were $1.49 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The specialty pharmaceutical company posted revenue of $177.8 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $172.4 million.
Collegium Pharmaceutical expects full-year revenue in the range of $735 million to $750 million.
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