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Benzinga
Benzinga
Business
Henry Khederian

Why Jazz Pharmaceuticals Shares Are Rising

Jazz Pharmaceuticals

Jazz Pharmaceuticals PLC (NASDAQ:JAZZ) shares are trading higher by 10.5% at $151.00 after the company reported better-than-expected fourth-quarter EPS and sales results.

Jazz Pharmaceuticals reported quarterly earnings of $4.21 per share which beat the analyst consensus estimate of $3.63. Jazz Pharmaceuticals also reported quarterly sales of $896.73 million which beat the analyst consensus estimate of $865.88 million by 4%. This is a 35% increase over sales of $665.52 million the same period last year.

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