ARTICLE | Financial News
Ligand falls on earnings news
May 5, 2004 7:00 AM UTC
LGND dropped $3.36 (16%) to $18.30 on 10.6 million shares on Wednesday after announcing a first quarter net loss per share of $0.18, three times the Street estimate of a loss of $0.06. However, the company said it remains on track to meet its full year EPS guidance of $0.12-$0.19. For 2004, the Street consensus estimate is $0.16. ...