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ANI Pharmaceuticals, Inc. Q2 adjusted earnings Beat Estimates

ANI Pharmaceuticals, Inc. (ANIP) revealed earnings for its second quarter that climbed from last year.

The company's earnings came in at $6.59 million, or $0.53 per share. This compares with $2.78 million, or $0.23 per share, in last year's second quarter.

Excluding items, ANI Pharmaceuticals, Inc. reported adjusted earnings of $17.28 million or $1.44 per share for the period.

Analysts had expected the company to earn $1.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.0% to $54.36 million from $47.27 million last year.

ANI Pharmaceuticals, Inc. earnings at a glance:

-Earnings (Q2): $17.28 Mln. vs. $13.374 Mln. last year.
-EPS (Q2): $1.44 vs. $1.13 last year.
-Analysts Estimate: $1.28
-Revenue (Q2): $54.36 Mln vs. $47.27 Mln last year.

Full year EPS guidance: $5.57 to $6.21
Full year revenue guidance: $220 to $226 Mln

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