ROCKVILLE, Md. (AP) _ Supernus Pharmaceuticals Inc. (SUPN) on Tuesday reported first-quarter profit of $26.4 million.
On a per-share basis, the Rockville, Maryland-based company said it had net income of 49 cents.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The drugmaker posted revenue of $90.4 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $88.2 million.
Supernus shares have increased 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $44.65, a rise of 40 percent in the last 12 months.