InterMune Earnings: Here’s Why the Stock is Down Now

InterMune Inc. (NASDAQ:ITMN) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.42%.

InterMune Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.77 in the quarter versus EPS of $0.01 in the year-earlier quarter.

Revenue: Rose 159.93% to $14.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: InterMune Inc. reported adjusted EPS loss of $0.77 per share. By that measure, the company missed the mean analyst estimate of $-0.7. It beat the average revenue estimate of $12.85 million.

Quoting Management: Dan Welch, Chairman, Chief Executive Officer and President of InterMune, said, “We continue to successfully execute on our EU and Canadian growth strategy and are pleased to report the seventh consecutive quarter of revenue growth of Esbriet since its first launch in Germany in September 2011. Having recently secured attractive pricing and reimbursement in Italy, England and Ireland, Esbriet is now priced and reimbursed in 13 of our original 15 top-priority European countries, a solid achievement when considering the challenging economic conditions in the EU.”

Key Stats (on next page)…

Revenue increased 36.75% from $10.53 million in the previous quarter. EPS increased to $-0.77 in the quarter versus EPS of $-0.64 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 $0.71 and has not changed. For the current year, the average estimate has moved up from a loss of $2.8 to a loss of $2.77 over the last ninety days.

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

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