Ardelyx Q1 GAAP EPS $(0.17) Misses $(0.12) Estimate, Sales $74.11M Miss $78.80M Estimate

Ardelyx (NASDAQ:ARDX) reported quarterly losses of $(0.17) per share which missed the analyst consensus estimate of $(0.12) by 41.67 percent. This is a 54.55 percent decrease over losses of $(0.11) per share from the same period last year. The company reported quarterly sales of $74.11 million which missed the analyst consensus estimate of $78.80 million by 5.95 percent. This is a 61.04 percent increase over sales of $46.02 million the same period last year.