Amphastar: Q2 Earnings Snapshot

August 8, 2022 GMT

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.


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