$ARDX Up 27% This AM at Open. Profitable Earnings Knocks It Out Of The Park

Ardelyx (ARDX) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.31 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 500%. A quarter ago, it was expected that this biotechnology company would post a loss of $0.17 per share when it actually produced a loss of $0.14, delivering a surprise of 17.65%.

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I have a full load already from earlier trades. However, I wanted to double that load today. Within seconds of the open, this sucker looked like a rocket on the intraday charts.

So, I’ll hope for a pull back.

Rob and Doc, take note of the profits.

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Thanks, I will watch this one…doc

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$ARDX now up +35% intraday. Sets new 52-week high. Also, we are already at 6x average daily volume.

I’ll keep an eye on it. :slight_smile:

He is no fool who gives what he cannot keep to gain what he cannot lose.

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