CORAL GABLES, Fla. (AP) — CORAL GABLES, Fla. (AP) — Catalyst Pharmaceutical Partners Inc. (CPRX) on Wednesday reported third-quarter profit of $52.8 million.
On a per-share basis, the Coral Gables, Florida-based company said it had net income of 42 cents. Earnings, adjusted for pretax expenses and amortization costs, were 68 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The specialty drug company posted revenue of $148.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $136.4 million.
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