Collegium Pharmaceutical shares are trading higher after the company reported a year-over-year increase in Q3 adjusted EPS results and raised its FY23 product revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Collegium Pharmaceutical reported a year-over-year increase in Q3 adjusted EPS results and raised its FY23 product revenue guidance. This news led to a rise in the company's share prices.
November 08, 2023 | 6:11 pm
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POSITIVE IMPACT
Collegium Pharmaceutical's Q3 earnings beat and raised FY23 revenue guidance have positively impacted its stock price.
The company's better-than-expected Q3 earnings and increased revenue guidance for FY23 indicate strong financial performance, which is a positive signal to investors. This has led to an increase in the demand for the company's shares, thereby driving up its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100