Endo Internat (NASDAQ: ENDP) is having an overwhelmingly strong day in the market today, and for good reason. The company reported earnings, beating expectations. Of course, this led to excitement among investors, sending the stock soaring and prompting our partners at Trade Ideas to alert us to the gains. At the moment (9:11), ENDP is trading at $11.58 per share after a gain of $0.73 per share (6.73%) thus far today.
ENDP Reports Positive Earnings
As mentioned above, Endo Internat is having a great day in the market today after reporting overwhelmingly strong results. Here’s what we saw from the company’s Q1 earnings report:
- Earnings Per Share – When it comes to earnings per share, ENDP did incredibly well. During the first quarter, analysts expected that the company would generate earnings in the amount of $1.12 per share. However, the company actually reported earnings in the amount of $1.23 per share, blowing away expectations.
- Revenue – Revenue also proved to be a positive for the company. During the first quarter, ENDP reported revenue in the amount of $1.03 billion, right in line with analyst expectations.
- Guidance – Finally guidance came in right in line with expectations. Throughout the year 2017, the company expects to generate revenue in the range between $3.45 billion and $3.60 billion with earnings coming in between $3.45 per share and $3.75 per share.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on ENDP. In particular, we’re interested in following the company through 2017 to see if they do indeed meet the high expectations they have set. We’ll continue to follow the story closely and bring the news to you as it breaks!
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