Shares of Akorn (AKRX +6.7%) move higher after its preliminary Q2 revenue beat estimates this...

|By:, SA News Editor

Shares of Akorn (AKRX +6.7%) move higher after its preliminary Q2 revenue beat estimates this morning. Revenue grew by 97% over the comparable prior year quarter or 37% excluding the impact of acquisitions. The company also guides its FY12 earnings higher, now expecting to earn between $0.50 - $0.52 on revenue of $248M - $258M, versus previous expectations of $0.44 - $0.46 per share on revenue of $228M - 238M.