By Dean Seal
Shares of ANI Pharmaceuticals soared after the company raised its full-year guidance on the back of strong sales and profit gains in the second quarter.
The stock was up 18.5% at $81.79 in premarket trading. Shares had already risen 25% year-to-date when the market closed Thursday.
The specialty pharmaceutical company said it now expects adjusted earnings of $6.98 to $7.35 a share on $818 million to $843 million in revenue for the year. It had previously targeted $6.27 to $6.62 a share on $768 million to $793 million in revenue.
The lift comes after a record-setting quarter, Chief Executive Nikhil Lalwani said.
ANI swung to a second-quarter profit of $8.1 million, or 36 cents a share, from a loss of $2.7 million, or 14 cents a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were $1.80 a share. Analysts polled by FactSet had been expecting $1.41 a share.
Revenue surged 53% to $211.4 million, ahead of analyst forecasts for $190 million, according to FactSet. Gains were seen across its rare disease, brands and generic portfolios.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
August 08, 2025 07:37 ET (11:37 GMT)
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