InterMune Inc. (NASDAQ:ITMN) had a loss and beat Wall Street’s expectations, AND met the revenue expectation.
InterMune Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.64 in the quarter versus EPS of $-0.74 in the year-earlier quarter.
Revenue: Rose 17.79% to $10.53 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: InterMune Inc. reported adjusted EPS loss of $0.64 per share. By that measure, the company beat the mean analyst estimate of $-0.74. It met the average revenue estimate of $10.53 million.
Quoting Management: Dan Welch, Chairman, Chief Executive Officer and President of InterMune said, “Our launches of Esbriet in Europe continue to meet our expectations as Esbriet revenue in the first quarter of 2013 more than doubled compared with the first quarter of 2012. Esbriet revenue has increased for six consecutive quarters since the first launch of Esbriet in Germany in September 2011, which was followed by launches in other European countries in late 2012. With the recent successful conclusion of pricing and reimbursement processes in Italy, England and Finland, Esbriet is now priced and reimbursed in 12 of our 15 top-priority European countries.”
Key Stats (on next page)…
Revenue increased 28.1% from $8.22 million in the previous quarter. EPS increased to $-0.64 in the quarter versus EPS of $-0.90 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.75 to a loss $0.71. For the current year, the average estimate has moved up from a loss of $3.00 to a loss of $2.81 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)