Chelsea Therapeutics Earnings: Loss Narrowed
Chelsea Therapeutics International Ltd. ‘s (NASDAQ:CHTP) second quarter loss narrowed, beating estimates. Chelsea Therapeutics International is a specialty pharmaceutical company focused on the acquisition, development, and commercialization of innovative pharmaceutical products.
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Chelsea Therapeutics International Ltd. Earnings Cheat Sheet
Results: Loss narrowed to $7.9 million (loss of 12 cents per diluted share) from $13.3 million (loss of 21 cents per share) in the same quarter a year earlier.
Actual vs. Wall St. Expectations: Chelsea Therapeutics International Ltd. beat the mean analyst estimate of a loss of 19 cents per share.
The company beat estimates last quarter after meeting expectations in the first quarter with a loss of 23 cents per share.
Looking Forward: Analysts seem more positive about the company’s results for the next quarter than three months ago. The average estimate for the third quarter has moved from a loss of 22 cents a share to a loss of 17 cents over the last ninety days. The average estimate for the fiscal year is now 76 cents per share, a rise from the 87 cents predicted ninety days ago.
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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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