Cephaplon Falling After Earnings (CEPH)

Cephalon

released its quarterly earnings after the closing bell on Tuesday. The company reported net income attributable to the company of $89.1 million or $1.11 per share for the second quarter. In last year's second quarter, CEPH earned $84.8 million or $1.11 per share. On an adjusted basis, net income was $165.3 million or $2.05 per share. This compared to Wall Street EPS estimates of $1.77 per share. Revenue was up 32% to $712.4 million, compared to $539 million in Q2 2009. This beat analysts' consensus estimates of $639.94 million. CEPH said that it expects adjusted net income of $135.9 million to $143.5 million or $1.80 to $1.90 per share in 3Q10. Revenue is expected to be in the range between $670 million and $700 million. This compares to Street estimates of $1.76 per share on revenue of $712.37 million. For FY10, CEPH expects adjusted net income of $562 million to $577 million, or $7.45 to $7.65 per share. Revenues are expected in a range of $2.630 billion to $2.710 billion. This compares to full-year 2010 Street estimates of $6.92 per share on revenue of $2.73 billion. In the after hours trading session, CEPH has lost 2.48% to $61.34.