Liquidia (LQDA) reported Q1 earnings Monday of $0.52 per diluted share, swinging from a $0.45 loss per share a year earlier.
Analysts polled by FactSet expected EPS of $0.57.
Revenue for the quarter ended March 31 was $132.9 million, compared with $3.1 million a year earlier.
Analysts polled by FactSet expected $163.5 million.
Shares of Liquidia were up more than 5% premarket Monday.