Foamix Pharmaceuticals Ltd. (FOMX) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Foamix Pharmaceuticals Ltd. (NASDAQ:FOMX) released its quarterly earnings results on Tuesday. The specialty pharmaceutical company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.03), Briefing.com reports. Foamix Pharmaceuticals had a negative return on equity of 39.20% and a negative net margin of 823.74%. The company had revenue of $0.90 million for the quarter, compared to analyst estimates of $0.90 million. During the same quarter last year, the company earned ($0.19) EPS. The firm’s revenue for the quarter was down 64.6% on a year-over-year basis.
Foamix Pharmaceuticals (NASDAQ FOMX) traded up $0.09 on Tuesday, hitting $5.68. 76,500 shares of the company traded hands, compared to its average volume of 166,577. Foamix Pharmaceuticals has a 52-week low of $4.03 and a 52-week high of $11.27.
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Foamix Pharmaceuticals Company Profile
Foamix Pharmaceuticals Ltd. is a clinical-stage pharmaceutical company. The Company is engaged in the development and commercialization of foam-based formulations, using its technology, which includes its foam platforms. It is focused on developing and commercializing its minocycline foam for the treatment of acne, rosacea and other skin conditions.
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