Why Endo International plc Jumped and Then Faded -- Twice

Endo International (NASDAQ: ENDP) was up as much as 13.6% Tuesday before settling down to about half that gain after reporting preliminary third-quarter revenue and earnings results on Monday. The drugmaker can't seem to sustain a rally since Endo's shares did the same thing Monday, shooting up as much as 18% before ending the day up just 1.4%.

Endo said third-quarter revenue came in at about $785 million with a loss of approximately $0.45 per share on a GAAP from continuing operations basis. Looking at adjusted earnings from continuing operations, Endo will post a profit of $0.85 per share.

The company also reaffirmed its revenue guidance for the year of between $3.38 billion and $3.53 billion. Endo's adjusted earnings from continuing operations are expected to be at the upper end of the guidance given in August of $3.35 to $3.65 per share.

Source: Fool.com