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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