Foamix Pharmaceuticals Ltd. (FOMX) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Foamix Pharmaceuticals Ltd. (NASDAQ:FOMX) posted its quarterly earnings data on Tuesday. The specialty pharmaceutical company reported ($0.47) earnings per share (EPS) 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 the consensus estimate of $0.90 million. During the same quarter in the previous year, the firm posted ($0.19) EPS. The business’s revenue for the quarter was down 64.6% compared to the same quarter last year.
Shares of Foamix Pharmaceuticals (NASDAQ:FOMX) traded down $0.01 during trading hours on Thursday, reaching $5.47. 75,527 shares of the company’s stock traded hands, compared to its average volume of 165,253. Foamix Pharmaceuticals has a 1 year low of $4.03 and a 1 year high of $11.27.
FOMX has been the topic of several research reports. Zacks Investment Research downgraded shares of Foamix Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. HC Wainwright started coverage on shares of Foamix Pharmaceuticals in a research report on Thursday, August 24th. They issued a “buy” rating and a $12.00 price target on the stock. Finally, Credit Suisse Group restated a “buy” rating and issued a $9.00 price target on shares of Foamix Pharmaceuticals in a research report on Wednesday, July 19th.
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About Foamix Pharmaceuticals
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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