Ironwood Pharmaceuticals (IRWD) Releases Earnings Results, Beats Expectations By $0.06 EPS

Ironwood Pharmaceuticals (IRWD) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $-0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.14. The company posted revenue of $66.00 million in the period, compared to analysts expectations of $53.63 million. The company’s revenue was up 128.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.24 EPS.

Many Wall Street Analysts have commented on Ironwood Pharmaceuticals. Company shares were Reiterated by Wedbush on Apr 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 10 from a previous price target of $9 .Ironwood Pharmaceuticals was Initiated by Goldman to “Neutral” on Mar 21, 2016. Shares were Reiterated by Wedbush on Feb 19, 2016 to “Neutral” and Lowered the Price Target to $ 9 from a previous price target of $10 .

Ironwood Pharmaceuticals closed down -0.13 points or -1.28% at $10.02 with 12,34,888 shares getting traded on Friday. Post opening the session at $10.09, the shares hit an intraday low of $9.78 and an intraday high of $10.22 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 11, 2016, Peter M Hecht (Chief Executive Officer) sold 120,000 shares at $10.72 per share price. According to the SEC, on Mar 11, 2016, Mark G Currie (Chief Scientific Officer) sold 150,000 shares at $10.86 per share price. On Mar 9, 2016, Lawrence S Olanoff (director) sold 2,200 shares at $11.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Ironwood Pharmaceuticals Inc. is a pharmaceutical company. The Company has a product linaclotide which is available in the United States and Mexico under the brand name LINZESS and is available in European countries and Canada under the brand name CONSTELLA. Linaclotide is also being developed and commercialized in other parts of the world by certain of its partners. Linaclotide provides patients and healthcare practitioners with a treatment option for adults in the United States and certain other countries with irritable bowel syndrome with constipation (IBS-C) and chronic idiopathic constipation (CIC) and gastrointestinal (GI) disorders. The Company in collaboration with Astellas Pharma Inc. (Astellas) is developing linaclotide for the treatment of patients with IBS-C.

Ironwood Pharmaceuticals

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