Concordia International Corp. (CXRX) Posts Quarterly Earnings Results, Misses Expectations By $1.50 EPS

Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) issued its quarterly earnings results on Tuesday. The company reported ($1.36) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($1.50), Briefing.com reports. The company had revenue of $154.60 million during the quarter, compared to analyst estimates of $149.50 million. Concordia International Corp. had a negative net margin of 269.97% and a negative return on equity of 83.96%. The company’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS.

Shares of Concordia International Corp. (NASDAQ CXRX) opened at $0.53 on Tuesday. Concordia International Corp. has a 52-week low of $0.47 and a 52-week high of $3.52. The company has a current ratio of 1.89, a quick ratio of 1.62 and a debt-to-equity ratio of -2.48.

CXRX has been the subject of several recent research reports. ValuEngine raised Concordia International Corp. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Concordia International Corp. from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $0.50.

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Concordia International Corp. Company Profile

Earnings History for Concordia International Corp. (NASDAQ:CXRX)

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