Aurinia Pharmaceuticals Inc (AUPH) Announces Earnings Results, Misses Expectations By $0.02 EPS

Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) (TSE:AUP) released its quarterly earnings results on Tuesday. The biotechnology company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.02), Briefing.com reports. Aurinia Pharmaceuticals had a negative return on equity of 27.47% and a negative net margin of 18,089.02%. The company had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $0.03 million. Aurinia Pharmaceuticals’s revenue was up .0% on a year-over-year basis.

Aurinia Pharmaceuticals (AUPH) opened at $5.00 on Thursday. Aurinia Pharmaceuticals has a 1-year low of $2.02 and a 1-year high of $10.54.

A number of equities analysts have commented on AUPH shares. Zacks Investment Research cut shares of Aurinia Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub cut shares of Aurinia Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Aurinia Pharmaceuticals in a research note on Monday, October 23rd. Leerink Swann upped their price objective on shares of Aurinia Pharmaceuticals from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price objective (up previously from $10.00) on shares of Aurinia Pharmaceuticals in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $10.79.

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About Aurinia Pharmaceuticals

Aurinia Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company operating in the field of nephrology and autoimmunity. The Company’s primary business is the development of a therapeutic drug to treat autoimmune diseases, in particular lupus nephritis (LN). It is focused on the development of its lead compound voclosporin, a therapeutic immunomodulating drug candidate, which is a second-generation calcineurin inhibitors (CNI) to treat patients afflicted with LN.

Earnings History for Aurinia Pharmaceuticals (NASDAQ:AUPH)

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