Ardelyx issued a press release on May 1, 2025, reporting its financial results for the first quarter of 2025. Among other items, Ardelyx reported GAAP earnings per share of $0.17 on revenue of $74.1 million, missing consensus estimates by $0.07 and $5.34 million, respectively. Ardelyx also reported a 54% year-over-year increase in its total operating expenses.
Following this news, Ardelyx's stock price fell over 24% on May 2, 2025.
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