Why Endo International Stock Is Cratering Today
Endo International (NASDAQ: ENDP) stock was cratering on Friday, with shares falling 31.6% as of 11:49 a.m. ET. The sharp sell-off came after the drugmaker announced its first-quarter results following the market close on Thursday.
The company reported Q1 net revenue of $652.3 million, down 9% year over year. This result was in line with the consensus estimate.
Endo posted adjusted earnings in the first quarter of $155.9 million, or $0.66 per share. The average analysts' estimate was for net income of $0.44 per share.
Source Fool.com
