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Questcor Pharmaceuticals (QCOR): Q1 EPS of $0.76 misses by $0.20. Revenue of $135M (+41% Y/Y)...

Questcor Pharmaceuticals (QCOR): Q1 EPS of $0.76 misses by $0.20. Revenue of $135M (+41% Y/Y) misses by $22M. (PR). Shares -9.3% AH.
Comments (4)
  • russellb73
    , contributor
    Comments (398) | Send Message
     
    interesting to see if its changes to medicare reimbursement caused this....adding to position if this is the cause, waiting for conference call.
    30 Apr 2013, 04:23 PM Reply Like
  • livalytl
    , contributor
    Comments (41) | Send Message
     
    100% TIMING ISSUES...SEE NOTE FROM REPORT BELOW:

     

    Questcor shipped 4,830 vials of Acthar during the first quarter of 2013 compared to 4,111 vials in the first quarter of 2012 and 6,330 vials in the fourth quarter of 2012. The Company shipped 2,550 vials of Acthar to its distributor in April 2013, which is a record number of vials shipped in a single month. That's a quarterly run rate of 7,650 vials and likely going up!!! THEY WARNED ABOUT TRANSITION ISSUES AND THEY WERE CORRECT AND THEY APPEAR TO BE ABOUT OVER!!!
    30 Apr 2013, 04:59 PM Reply Like
  • GaryLee276
    , contributor
    Comments (141) | Send Message
     
    I can't believe I missed $26. I have been watching for an entry back in this stock for months.
    1 May 2013, 01:20 AM Reply Like
  • ztnjpv
    , contributor
    Comments (53) | Send Message
     
    Yes. I recall the extra shipment before the end of Q4 2012 that caused QCOR to handily beat earnings by a greater margin than they otherwise would have. This drop in sales/inventory/shipments (whatever) was related to that. They then saw a huge uptick of shipments in April....reflecting heavy reordering.

     

    Things look good. We'll see what the attention span traders/investors have. But Q2 is already off to strong start. Over 2500 shipments in just April alone compared to 4300+ in the whole Q1.
    1 May 2013, 03:19 AM Reply Like
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