Harmony Biosciences Holdings, Inc Q4 Profit Increases, Beats Estimates

(RTTNews) - Harmony Biosciences Holdings, Inc (HRMY) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $49.48 million, or $0.85 per share. This compares with $26.61 million, or $0.45 per share, last year.

Excluding items, Harmony Biosciences Holdings, Inc reported adjusted earnings of $63.03 million or $1.08 per share for the period.

Analysts on average had expected the company to earn $0.82 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 19.5% to $201.27 million from $168.41 million last year.

Harmony Biosciences Holdings, Inc earnings at a glance (GAAP) :

-Earnings: $49.48 Mln. vs. $26.61 Mln. last year. -EPS: $0.85 vs. $0.45 last year. -Revenue: $201.27 Mln vs. $168.41 Mln last year.