ANI Pharmaceuticals Forecasts 2024 Net Revenue Of $540M-$560M Versus Prior Guidance Of $520M-$542M And Consensus Of $554.598M, With Cortrophin Gel Revenue Of $185M-$195M Compared To Prior Guidance Of $170M-$180M
Portfolio Pulse from Benzinga Newsdesk
ANI Pharmaceuticals has updated its 2024 net revenue forecast to $540M-$560M, up from the previous guidance of $520M-$542M and compared to the consensus of $554.598M. The company also raised its Cortrophin Gel revenue forecast to $185M-$195M from the prior $170M-$180M.
August 06, 2024 | 11:01 am
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ANI Pharmaceuticals has increased its 2024 net revenue forecast to $540M-$560M, surpassing prior guidance and aligning closely with consensus estimates. The company also raised its Cortrophin Gel revenue forecast.
The upward revision in revenue forecasts, both overall and for Cortrophin Gel, indicates stronger than expected performance. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
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