Aradigm Corporation (NASDAQ:ARDM) Releases Quarterly Earnings Results, Beats Estimates By $0.37 EPS
Aradigm Corporation (NASDAQ:ARDM) posted its earnings results on Thursday. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.37, Bloomberg Earnings reports. The business had revenue of $7.68 million during the quarter. Aradigm Corporation had a negative return on equity of 665.03% and a negative net margin of 1,515.94%.
Aradigm Corporation (NASDAQ:ARDM) traded up 6.8779% during trading on Friday, hitting $1.4001. The company had a trading volume of 131,850 shares. The stock has a 50-day moving average of $1.34 and a 200 day moving average of $1.52. Aradigm Corporation has a one year low of $0.78 and a one year high of $7.19. The company’s market capitalization is $20.73 million.
Separately, Zacks Investment Research upgraded Aradigm Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
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About Aradigm Corporation
Aradigm Corporation is a pharmaceutical company focused on the development and commercialization of products for the treatment and prevention of severe respiratory diseases. The Company’s lead product candidate is Pulmaquin inhaled ciprofloxacin, which is in Phase III clinical trials. It offers AERx pulmonary drug delivery platform and other technologies.
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