Santarus Q2 Profit Surges - Quick Facts

(RTTNews) - Santarus, Inc. (SNTS) Tuesday reported second-quarter profit of $73.5 million or $0.94 per share, up from $3.4 million or $0.05 per share in the same period last year.

Adjusted earnings for the quarter was $24.3 million or $0.31 per share in the same period last year. On average, four analysts polled by Thomson Reuters expected the company to earn $0.18 per share. Analysts' estimates typically exclude special items.

Revenues jumped 89 percent to $89.4 million from $47.2 million last year. Analysts expected revenues of $82.90 million.

Looking ahead to the fiscal 2013, the company has raised its earnings outlook to a range of $1.61 to $1.65 per share from $0.72 to $0.81 per share, issued previously. Adjusted earnings are currently projected in a range of $1.21 to $1.26 per share, up from its previous outlook range of $1.03 to $1.15 per share.

Revenues outlook has been narrowed to a range of $355 million to $360 million, compared to $330 million to $340 million, issued previously. Analysts currently expect the company to report full-year earnings of $0.85 per share on revenues of $345.70 million.