Pacira: Q2 Earnings Snapshot

August 3, 2022 GMT

TAMPA, Fla. (AP) _ Pacira Pharmaceuticals Inc. (PCRX) on Wednesday reported second-quarter profit of $19.9 million.

On a per-share basis, the Tampa, Florida-based company said it had net income of 40 cents. Earnings, adjusted for one-time gains and costs, were 51 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The specialty drugmaker posted revenue of $169.4 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $169.5 million.


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