Cambrex Corporation (CBM) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $0.55. The company posted revenue of $118.22 million in the period, compared to analysts expectations of $112.83 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Cambrex Corporation opened for trading at $52 and hit $54.49 on the upside on Thursday, eventually ending the session at $53.72, with a gain of 3.57% or 1.85 points. The heightened volatility saw the trading volume jump to 6,05,909 shares. Company has a market cap of $1,718 M.
In a different news, on Jul 11, 2016, William B Korb (director) sold 3,420 shares at $55.00 per share price. According to the SEC, on May 10, 2016, Steven M Klosk (President & CEO) sold 14,005 shares at $49.00 per share price. On Mar 16, 2016, Louis J. Grabowsky (director) purchased 750 shares at $40.10 per share price, according to the Form-4 filing with the securities and exchange commission.
Cambrex Corporation (Cambrex) is a life sciences company that provides products and services for the development and commercialization of new and generic therapeutics. The Company supplies its products and services worldwide to innovator and generic pharmaceutical companies. The Company’s customers include generic drug companies and companies that discover and commercialize small molecule human therapeutics using organic chemistry. Its business consists of the custom development and manufacture of pharmaceutical ingredients derived from organic chemistry. The Company’s products include active pharmaceutical ingredients (APIs) pharmaceutical intermediates and to a lesser extent other fine chemicals. Cambrex has three operating segments which are manufacturing facilities that have been aggregated as one reportable segment.