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Endo Shares Plummet On Decreasing Sales, Wider Loss; Outlook Lagging Consensus

By Vandana Singh
  • Endo International plc's (NASDAQ:ENDPQ1 sales decreased 9% to $652.26 million, beating the consensus of $633.41 million.
  • The decrease was attributable to decreased revenues from the sterile injectables segment, partially offset by increased revenues from the generic segment and the specialty products portfolio.
  • Adjusted income from continuing operations reached $156 million compared to $175 million. 
  • Adjusted EPS reached $0.66 compared to $0.73 in Q1 2021. GAAP EPS loss was $(0.28).
  • Branded pharma segment revenues were $205 million, a decrease of 1%. Specialty Products revenues increased 4% to $149 million, with Xiaflex increasing 4% to $99 million. 
  • Established Products revenues decreased 12% to $56 million, driven primarily by ongoing generic competition.
  • Sterile Injectables segment revenues were $240 million, a decrease of 22% attributable to decreased Vasostrict revenues due to generic competition and lower overall demand as COVID-19 related hospitalizations decline.
  • Generic were $186 million, up 3%, attributable to revenues from varenicline tablets.
  • Guidance: Endo Expects Q2 FY22 sales of $500 million - $525 million, lower than the consensus of $655.56 million.
  • It expects adjusted EPS loss of $(0.17) - $(0.15), versus consensus estimate of $0.48.
  • Price Action: ENDP shares are down 30.9% at $1.40 during the market session on the last check Friday.
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Dive Deeper:
Why Gannett Shares Are Sliding Today
Gannett Co Inc (NYSE:GCI) reported a first-quarter FY22 sales decline of 3.7% year-on-year to $748.08 billion, missing the consensus of $754.90 million. Same-store…
Cardinal Health's Shares Fall as Inflation and Supply Chain Constraints Hit Q3 Earnings
Cardinal Health Inc (NYSE:CAH) has reported Q3 FY22 adjusted EPS of $1.45, down 5% Y/Y, missing the consensus of $1.52 Q2 sales…
Inari Medical Q1 Earnings Beat Street View, Lifts FY22 Sales Outlook Above Consensus
Inari Medical Inc's (NASDAQ:NARI) Q1 revenue was $86.8 million, up 4% sequentially and 51% Y/Y, beating the consensus of $83.61 million. The…
Why Under Armour Shares Are Plunging Today
Under Armour Inc (NYSE:UAA) (NYSE:UA) reported sales growth of 3% year-on-year to $1.30 billion for its transition quarter ended March 31, 2022, missing…
One subscription that gives you access to news from hundreds of sites
Pacific Biosciences Clocks 14% Jump In Q1 Revenues
Pacific Biosciences of California Inc's (NASDAQ:PACB) Q1 sales increased 14% Y/Y to $33.2 million, driven by sales of instruments and consumables and…
Cigna Q1 Earnings Beat Expectations, Lifts FY22 Guidance
Cigna Corp (NYSE:CI) reports Q1 total revenues of $44.12 billion, +7.6% Y/Y, ahead of the consensus of $43.41 billion. Cigna brought in…
Get all your news in one place