AMAG Pharmaceuticals Earnings: Here’s Why Shares are Up Now

AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.49%.

AMAG Pharmaceuticals, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.09 in the quarter versus EPS of $0.15 in the year-earlier quarter.

Revenue: Decreased 36.79% to $19.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AMAG Pharmaceuticals, Inc. reported adjusted EPS loss of $0.09 per share. By that measure, the company beat the mean analyst estimate of $-0.17. It beat the average revenue estimate of $18.51 million.

Quoting Management: “We set ambitious goals for the year and based on our many successes in the first half of 2013, I am pleased to report that we are well on our way to meeting or exceeding those goals,” said William Heiden, president and chief executive officer of AMAG. “So far in 2013, Feraheme’s growth trajectory has accelerated, our business development efforts have begun to bear fruit, and we continue to operate our business with financial discipline. Additionally, we have been busy planning for the future — preparing for the potential expansion of Feraheme’s labeled indication and announcing several new key executive hires, whose contributions will help AMAG deliver on our vision of building a profitable, high-growth multi-product company focused on improving patients’ lives.”

Key Stats (on next page)…

Revenue increased 9.62% from $17.88 million in the previous quarter. EPS increased to $-0.09 in the quarter versus EPS of $-0.18 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.18 and has not changed. For the current year, the average estimate has moved down from a loss of $0.63 to a loss of $0.67 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)