Amphastar: Q2 Earnings Snapshot
RANCHO CUCAMONGA, Calif. (AP) _ Amphastar Pharmaceuticals Inc. (AMPH) on Monday reported second-quarter net income of $17.3 million.
On a per-share basis, the Rancho Cucamonga, California-based company said it had net income of 33 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 39 cents per share.
The specialty pharmaceutical company posted revenue of $123.5 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $118.2 million.
Amphastar shares have risen 62% since the beginning of the year. In the final minutes of trading on Monday, shares hit $37.75, an increase of 86% in the last 12 months.