Correcting the prior year EPS and revenue figures. The rest remain the same. The corrected version is as follows.
Santarus Inc. (SNTS) Monday reported first-quarter net income of $18.7 million or $0.25 per share, up from $0.6 million or $0.01 per share in the same quarter last year.
On an adjusted basis, profit totaled $23.9 million or $0.32 per share for the latest quarter.
Analysts polled by Thomson Reuters currently estimate earnings of $0.14 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues for the quarter grew to $79.44 million from $45.88 million in the prior year. Analysts estimated revenues of $74.70 million for the quarter.
Looking forward to the full year 2013, the company raises its adjusted per share earnings outlook and now expects to earn $1.03 to $1.15 per share, up from its prior estimate of $0.92 and $1.00 per share. Analysts currently estimate earnings of $0.76 per share for the year.
Also, the company raised its full-year revenue outlook to a range between $330 million and $340 million from $320 million to $325 million, its prior estimate. Analsysts now expect the company to report revenues of $339.31 million for the year 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.