Ariad Pharmaceuticals (ARIA) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $-0.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $-0.27. The company posted revenue of $35.60 million in the period, compared to analysts expectations of $40.90 million. The company’s revenue was up 48.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.28 EPS.
Ariad Pharmaceuticals opened for trading at $6.8 and hit $7.065 on the upside on Friday, eventually ending the session at $6.98, with a gain of 3.71% or 0.25 points. The heightened volatility saw the trading volume jump to 28,33,750 shares. Company has a market cap of $1,333 M.
In a different news, on May 2, 2016, Timothy P Clackson (President, R&D, CSO) sold 11,700 shares at $7.14 per share price. According to the SEC, on Mar 22, 2016, Edward M Fitzgerald (Executive VP) sold 5,417 shares at $6.47 per share price. On Mar 22, 2016, David L Berstein (SVP, Chief IP Counsel) sold 2,375 shares at $6.47 per share price, according to the Form-4 filing with the securities and exchange commission.
ARIAD Pharmaceuticals Inc. is a global oncology company. The Company is engaged in the discovery development and commercialization of small molecule drug indicated for the treatment of cancer. The Companys product pipeline includes Iclusig (ponatinib) brigatinib (AP26113) AP32788 and ridaforolimus. Iclusig is a tyrosine kinase inhibitor (TKI) which is approved in the United States Europe and Australia for the treatment of adult patients with chronic myeloid leukemia (CML) and Philadelphia chromosome-positive acute lymphoblastic leukemia (Ph+ ALL). Brigatinib is an investigational inhibitor of anaplastic lymphoma kinase (ALK). AP32788 is an orally active TKI. Ridaforolimus is an investigational inhibitor of the mammalian target of rapamycin (mTOR).