Vanda Pharmaceuticals Soars On Earnings Beat (VNDA)

Shares of Vanda Pharmaceuticals Inc. VNDA are currently up 7% at $7.96 per share during Wednesday afternoon trading. Today's trading range for shares of Vanda Pharmaceuticals Inc has been between $7.50 and $8.00 per share. The consensus price target of analysts covering the company's stock is $12.50 per share. Volume of 149,000 shares is nearing the daily average volume of 157,000 shares. Vanda Pharmaceuticals Inc. (VNDA) released financial results early Wednesday morning that easily beat Wall Street earnings estimates. Vanda Pharmaceuticals Inc reported 3rd quarter earnings of 11 cents per share, on revenue of $7.25 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 3 cents per share, on revenue of $7.6 million. Read more from Benzinga's Company news.