Acorda Therapeutics Inc (ACOR) Releases Earnings Results, Misses Expectations By $-0.17 EPS

Acorda Therapeutics Inc (ACOR) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.17. Analysts had a consensus of $0.24. The company posted revenue of $127.45 million in the period, compared to analysts expectations of $129.82 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Acorda Therapeutics Inc closed down -1.76 points or -6.59% at $24.95 with 9,37,129 shares getting traded on Thursday. Post opening the session at $25.29, the shares hit an intraday low of $24 and an intraday high of $26.2 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 24, 2016, David Lawrence (Chief of Business Operations) sold 500 shares at $25.09 per share price. According to the SEC, on Jun 10, 2016, Steven M Rauscher (director) sold 1,086 shares at $27.83 per share price. On May 16, 2016, Andrew A. Hindman (Chief Business Dev. Officer) sold 4,860 shares at $26.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Acorda Therapeutics Inc. is a biopharmaceutical company engaged in the identification development and commercialization of therapies that restore neurological function and treat patients with neurological disorders. The Company’s markets three United States Food and Drug Administration (FDA)-approved therapies including Ampyra (dalfampridine) Extended Release Tablets 10milligrams a treatment to improve walking in patients with multiple sclerosis (MS). It also markets Zanaflex Capsules and tablets FDA-approved as short-acting drugs for the management of spasticity and Qutenza an FDA-approved dermal patch for the management of neuropathic pain associated with post-herpetic neuralgia also known as post-shingles pain. The Company is also developing a number of clinical and preclinical stage therapies for the treatment of a range of disorders including chronic post-stroke walking deficits (PSWD) Parkinson’s disease epilepsy heart failure MS and spinal cord injury.

Acorda Therapeutics Inc

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