This May Explain Horizon Pharma's 20% Plunge

Shares of Horizon Pharma PLC

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(NASDAQ: HZNP) plunged more than 20 percent on Tuesday after the company released an investor presentation which included a revenue outlook.Horizon Pharma said that it expects its 2016 revenue to be in a range of $1.025 billion to $1.05 billion and adjusted EBITDA to be in a range of $505 million to $520 million.As noted by Seeking Alpha's news editor, Horizon Pharma's revenue guidance for the first quarter may be in a range of $195 million to $210 million (the company guided towards a 79 percent year-over-year growth at midpoint) - falling short of the $228 million Wall Street analysts were expecting.