Ardelyx Beats Q3 Sales Estimates, Shares Climb

Erica Kollmann

October 31, 2024

Ardelyx, Inc. (NASDAQ:ARDX) reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report.

The Details: Ardelyx reported quarterly sales of $98.24 million, which beat the analyst consensus estimate of $86.64 million.

The company reported IBSRELA generated $40.6 million in net product sales revenue and the company expects full-year 2024 IBSRELA net sales revenue to be between $145 million and $150 million.

XPHOZAH generates $51.5 million in net product sales revenue and Ardelyx ended the quarter with approximately $190 million in cash, cash equivalents and investments.

Read Next: Reddit ‘Remains A Favorite’ For Wall Street After ‘Emphatic Beat And Raise’ In Q3

“The continued strong performance of Ardelyx reported during the third quarter demonstrates our ability to execute and deliver on our goals, to focus on serving the patient and to build towards the future,” said Mike Raab, president and CEO of Ardelyx.

ARDX Price Action: According to Benzinga Pro, Ardelyx shares are up 3.07% after-hours at $6.05 at the time of publication Thursday.

Read Also:

Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: ‘Zeroing In’ On Right Issues

Photo: HeungSoon from Pixabay

Recommended

My TOP Altcoin for Right Now Is... - Ad

Gates-Backed Company Holds the Future of AI - Ad

Did You See Trump's Bombshell Exec. Order 001? - Ad

Popular

YouTube TV is hiking its monthly price, again. Here's what to know

NEW YORK (AP) — Are you a YouTube TV subscriber? Your monthly bills are about to get more expensive again.

Senate begins final push to expand Social Security benefits for millions of people

WASHINGTON (AP) — The Senate is pushing toward a vote on to millions of people, setting up potential passage in the final days of the lame-duck Congress.

Why Is This Bull Run Scaring JP Morgan, Goldman Sachs, and Warren Buffett?

Why Is This Bull Run Scaring JP Morgan, Goldman Sachs, and Warren Buffett? - Ad

Billionaires Warren Buffett, Stanley Druckenmiller, and David Tepper have all sold off massive U.S. stock positions. Billionaire Ray Dalio, who runs one of the world's most successful hedge funds, says, "Things are going to get worse for our economy." What are these billionaires so worried about?

Edmunds: The best midsize SUVs for families in 2025

Along with smartphones and streaming subscriptions, the three-row SUV is now a staple of American family life. And since nearly every automaker sells one, choosing the right one can feel overwhelming.

Amazon Shareholders Propose Adding Bitcoin To Treasury For 'Best' Long-Term Interest, Cite Michael Saylor's MicroStrategy As Example

Following in the footsteps of other Wall Street giants, shareholders of online retail giant Amazon.com Inc. (NASDAQ:AMZN) urged the firm Sunday to consider a Bitcoin (CRYPTO: BTC) treasury strategy to enhance shareholder va

Why Do So Many Billionaire Investors Seem Scared of This Bull Run?

Why Do So Many Billionaire Investors Seem Scared of This Bull Run? - Ad

Well-connected billionaires like Warren Buffett have been selling off US stocks at an alarming rate. Today, one of America's most trusted market experts is stepping forward to explain what's really going on behind the scenes of this bull market - and why you could soon face losses of 50% or more if you do nothing.

XRP Poised For 'Brief Correction,' But Here's Why It Could Go To $4

With Ripple's regulatory approval to launch its RLUSD stablecoin, anticipation is mounting about the trajectory of XRP (CRYPTO: XRP) prices following the launch.

Mark Cuban Shares The One Thing He Splurged On After Striking It Rich: 'I'M Not A Big Spender'

Billionaire entrepreneur Mark Cuban has opened up about his path to success and his unique spending habits in a recent interview.

Why December 18th Will Impact Stocks More Than The Election

Why December 18th Will Impact Stocks More Than The Election - Ad

A man from a completely different government branch is going to stand up, say a few words... and make history in the stock market. This event comes along only every 25 years... And experts are already positioning themselves to profit from it.

A timeline of the murder of UnitedHealthcare CEO Brian Thompson and the search for his killer

NEW YORK (AP) — The for UnitedHealthcare CEO ’s killer since Thompson was ambushed Wednesday outside a Midtown Manhattan hotel has stretched beyond New York City. While still looking to identify the suspect, the FBI has offered a for information leading to his arrest and conviction. That’s on top of a $10,000 reward offered by the NYPD.

Google Quantum AI's New Willow Chip Can Do in Minutes That Supercomputers Would Take 10 Septillion Years

Google Quantum AI announced its latest quantum chip Willow that can reduce errors exponentially, a significant milestone in its decade-long journey.

Is NVDA a Sell? Buy This Stock Instead Before Dec. 31

Is NVDA a Sell? Buy This Stock Instead Before Dec. 31 - Ad

After soaring over 150% in 2024 alone... is it actually time to buy Nvidia? A 50-year Wall Street veteran gives his answer to Nvidia, right here... Including the name and ticker of one under-the-radar AI stock to buy instead of Nvidia... before Tuesday, December 31st.

Trump says he can't guarantee tariffs won't raise US prices and promises swift immigration action

WASHINGTON (AP) — said he can't guarantee that his on key U.S. foreign trade partners won't for American consumers and he suggested once more that some who pursued legal cases against him should be imprisoned.

Nvidia, AMD, C3 ai, Oracle, Tesla: Why These 5 Stocks Are On Investors' Radars Today?

On Monday, major U.S. indices closed in the red, with the Dow Jones Industrial Average falling 0.5% to 44,401.93.

The REAL "Wealth Wave" in AI is Starting Now!

The REAL "Wealth Wave" in AI is Starting Now! - Ad

If you missed out over the past 12 months... If you are NOT one of the 500,000 new millionaires from AI in the past two years... Are you going to miss your second chance?

$1 million per homer? $27,000 a point? $229 per second? Sports is loaded with money oddities

These were Juan Soto’s numbers in 2024: 41 home runs, 109 RBIs, a .288 batting average.

Days after gunman killed UnitedHealthcare's CEO, police push to ID him and FBI offers reward

NEW YORK (AP) — The gunman who the CEO of the largest U.S. health insurer likely left New York City on a bus soon after the brazen ambush that has shaken corporate America, police officials said. But he left something behind: a backpack that was discovered in Central Park.

AI Has Already Minted 500,000 New Millionaires in 2 Years...

AI Has Already Minted 500,000 New Millionaires in 2 Years... - Ad

If you missed out on the riches from AI the past 12 months, listen up: A brand new AI "wealth wave" is already hitting the markets... and could pay out even more than what we've already seen. There's still time to get into AI as an investor in this "Bot Com Revolution" and avoid getting left behind.

Hunt for the gunman who killed UnitedHealthcare's CEO heads into third day as new clues emerge

NEW YORK (AP) — As the investigation into a masked gunman who the head of one of the largest U.S. health insurers moved into its third day Friday, possible leads emerged about his travel before the shooting and a message scrawled on ammunition found at the crime scene.

Mexican soldiers will get a pay raise after elimination of oversight agencies, president says

MEXICO CITY (AP) — Mexico’s president said Monday that much of the money gained by will go to the army to fund a rise in soldiers’ pay.

A $50 Backdoor Play On Elon's Next "Super-IPO"?

A $50 Backdoor Play On Elon's Next "Super-IPO"? - Ad

Elon Musk has become Trump's most trusted advisors. According to one legendary investor... We are leading up to the world's first "Super-IPO" -- a company creating over $100 billion on the first day it goes public! Knowing about this "backdoor" play could be the best way to profit before the IPO...Starting with as little as $50.

Albertsons Puts End To Merger Deal, Sues Kroger Following Court Ruling: 'We Believe Strongly In The Merits Of Our Case'

Albertsons announces the termination of its proposed merger with Kroger and files lawsuit against the grocery giant, alleging Kroger violated the contractual obligations of the merger agreement by failing to do all it could to secure regulatory approval.

Robinhood Markets Grows Into 'Best-In-Class' Brokerage, Analyst Says

Analysts have updated coverage and raised price targets on Robinhood Markets after the company hosted its first investor day on Wednesday and showed significant growth across customers, assets under custody and trading volumes.

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined"

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

At the crossroads of news and opinion, 'Morning Joe' hosts grapple with aftermath of Trump meeting

One of the striking things about how furiously many people reacted to the news last week that MSNBC “Morning Joe” hosts Joe Scarborough and Mika Brzezinski was how quaint their defenders sounded.

Stocks Slip On Hot Inflation Data, Adobe Tumbles, Natural Gas Hits 1-Year High: What's Driving Markets Thursday?

Risk sentiment soured on Thursday following hotter-than-expected producer inflation data, which dampened optimism for aggressive interest rate cuts in 2025.

Elon's New Tech Could Be Bigger Than Tesla & SpaceX... Combined

Elon's New Tech Could Be Bigger Than Tesla & SpaceX... Combined - Ad

Forget rockets or brain implants... Elon's new AI product could be his biggest invention yet. Jeff Brown tried it himself recently and caught his experience on camera. See this footage because according to Tesla Magazine, this new product "could well shape the technological and economic future of our society."

DOJ Leak Probe Under Trump Targeted His FBI Pick: Report

DOJ obtained phone and email records of members of Congress, staff and journalists under Trump's first presidency, raising concerns about executive overreach.

Bitcoin SV Is Up 80% Over The Past Month: What's Going On?

Bitcoin's historic rise past $100,000 this week has sparked a surge of activity across the cryptocurrency market, bringing renewed attention to Bitcoin SV (CRYPTO:

December 16th - The Biggest Crypto Event in History

December 16th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on November 18th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

'Dogecoin Is Back' With A 10% Single-Day Rally: How High Can DOGE Go?

Dogecoin (CRYPTO: DOGE) is making waves again, with a notable 10% rally over the past 24 hours spurring bullish predictions on social media.

China And Europe Markets Advance, Gold And Dollar Tick Higher - Global Markets Today While US Slept

US markets closed lower due to tech shares and UnitedHealth's decline. Jobless claims rose, while trade deficit narrowed. Asia markets mixed, oil prices fell.

Wall Street Legend Issues Inauguration Buy Alert

Wall Street Legend Issues Inauguration Buy Alert - Ad

If you've underperformed this raging bull market, if you've lost money or missed out... this is your final chance to potentially profit.

Top 3 Risk Off Stocks That May Collapse This Month

Three stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Brazilian beef and leather companies fall short in tackling deforestation, a study finds

BRASILIA, Brazil (AP) — The next United Nations climate conference, COP30, will be held in Belem, the capital of an Amazon region where widespread deforestation mainly driven by cattle farming has turned the surrounding rainforest from a vital carbon sink into a significant carbon source.

Crypto Stocks Are Heating Up

Crypto Stocks Are Heating Up - Ad

At the center of this transformation is a game-changing platform that's experiencing explosive growth with $41 million in revenue in just nine months. The stock has doubled in the last 45 days, but this is only the beginning.

Gamestop, US Steel, Walgreens, Rigetti Computing, Tesla: Why These 5 Stocks Are On Investors' Radars Today

The stock market experienced a downturn on Monday as the S&P 500 and Nasdaq Composite indices fell from their recent record highs.

Cathie Wood Sees $400B Opportunity In Biologics -- How Have Her Bets Fared?

Cathie Wood, CEO of ARK Invest, is doubling down on biologics, seeing unprecedented potential at the intersection of artificial intelligence, genetic sequencing, and gene editing technologies.

Is This Defi Coin Your Next "10-Bagger" Investment?

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

Intel, UnitedHealth And Rocket Lab Are Among Top 11 Large Cap Losers Last Week (Dec 2-Dec 6): Are The Others In Your Portfolio?

11 worst performing large-cap stocks last week: TPL, MCHP, INTC, KB, GWRE, TOST, UNH, ODFL, HAL, PKX, RKLB. Reasons include OPEC decision, CEO retirements, and conflicts.

Trending Now