Overview
United Therapeutics Q3 revenue grows 7% yr/yr but misses analyst expectations
Net income for Q3 rises 10% yr/yr to $338.7 mln
Company repurchased $1 bln of common stock in Q3
Outlook
United Therapeutics did not provide specific financial guidance for future periods
Result Drivers
TYVASO DPI GROWTH - Increased quantities sold and price rise drove 22% revenue growth for Tyvaso DPI
ORENITRAM SALES - Orenitram revenues increased 16% due to higher quantities sold and price increase
TETON-2 STUDY IMPACT - Breakthrough TETON-2 study results in idiopathic pulmonary fibrosis could broaden therapeutic reach
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$799.50 mln
$817 mln (10 Analysts)
Q3 EPS
$7.16
Q3 Net Income
$338.70 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the pharmaceuticals peer group is "buy"
Wall Street's median 12-month price target for United Therapeutics Corp is $500.00, about 16.9% above its October 28 closing price of $415.34
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nBw66csQca
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)