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Ardelyx Plunges 17.18% on Q4 Earnings Miss
Generated by AI AgentAinvest Movers Radar
Friday, May 2, 2025 4:22 am ET1min read
On May 2, 2025, Ardelyx's stock price plummeted by 17.18% in pre-market trading, marking a significant downturn for the biopharmaceutical company.
Ardelyx, Inc. recently reported its Q4 2024 earnings, which fell short of expectations on both earnings per share (EPS) and revenue. The company's GAAP EPS of -$0.17 missed estimates by $0.07, contributing to the stock's decline. This underperformance in the first quarter of 2025 has raised concerns among investors about the company's financial health and future prospects.
Despite the setbacks,
remains optimistic about its product IBSRELA, targeting sales of $240 million to $250 million for 2025. The company's focus on this product line is a strategic move to bolster its revenue streams and regain investor confidence. However, the market's reaction to the Q1 results indicates that Ardelyx has some ground to cover to meet these ambitious sales targets.
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