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

[Breaking] Classified Wargames Reveal Grave Threat From China - Ad

Costco Gold Mania - Ad

Is This Trump's Favorite Coin? - Ad

Popular

Trump has promised to 'save TikTok'. What happens next is less clear

After a tumultuous year filled with anxiety and a in the U.S., TikTok may have just been thrown a lifeline by the man who was once its biggest foe: Donald Trump.

Elliott takes more than $5B stake in Honeywell, advises separating automation, aerospace units

Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International and is calling for the conglomerate to split into two separate companies.

Sam Altman, Bill Gates and More Are Making Some Strange Investments

Sam Altman, Bill Gates and More Are Making Some Strange Investments - Ad

As a Silicon Valley insider, Michael Robinson's uncovered an even bigger story than AI... A mysterious investment that could be the savior of the tech industry. Big Tech executives -- including Sam Altman, Bill Gates and Mark Zuckerberg -- are throwing large sums of money at it. This is the next frontier of tech investing...

Dogecoin Explodes For 86% Weekly Gain: What Is Going On?

Dogecoin's (CRYPTO: DOGE) monster rally has traders speculating about elevated price targets.

Engines on 1.4 million Honda vehicles might fail, so US regulators open an investigation

DETROIT (AP) — The U.S. government's highway safety agency is investigating complaints that on as many as 1.4 million Honda and Acura vehicles.

Microsoft Goes Nuclear -- All for AI

Microsoft Goes Nuclear -- All for AI - Ad

Tech billionaires like Bill Gates, Sam Altman, and Jeff Bezos have already poured over $3 BILLION into Small Modular Reactors (SMRs). Here's the key..a small company that holds a monopoly on the essential tech required to power SMRs, and already has a partnership with the U.S. Department of Energy.

Pentagon Officials Weigh Responses To Possible Illegal Orders Under Trump

As President-elect Donald Trump prepares to take office for the second time, Pentagon officials are reportedly strategizing their response to potential controversial orders.

Mauritius opposition wins country's election by a landslide

JOHANNESBURG (AP) — Mauritius' opposition coalition has won by a landslide, taking all seats in the country's parliament in a major rejection of the current government.

Single Stock Blueprint Available Now

Single Stock Blueprint Available Now - Ad

Market Wizard Larry Benedict is one of the most successful traders you'll ever meet...But he doesn't make money the traditional way. In short: It's a way to trade just one stock...And potentially make all the money you need to fast-track your retirement -- no matter what happens in the stock market.

Elon Musk's Mother Does Harris Impression During TV Appearance

Maye Musk, mother of Elon Musk, has sparked a flurry of reactions following her controversial imitation of Kamala Harris on Fox Business.

Southwest is offering buyouts to airport workers and blaming Boeing for the job cuts

DALLAS (AP) —

Elon Musk Wants Uranium... But This $3 Million Miner Could Beat Him to It!

Elon Musk Wants Uranium... But This $3 Million Miner Could Beat Him to It! - Ad

While tech giants like Elon Musk are pouring billions into nuclear energy, a tiny firm selling for less than $1 has quietly secured land in Canada holding some of the richest uranium deposits ever discovered. With energy demand skyrocketing, this tiny company could soon make big waves in the market.

New York eyes reviving congestion pricing toll before Trump takes office

ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul is considering ways to revive a program that would have charged drivers — before President-elect Donald Trump takes office and can block it.

Veterans face challenges starting small businesses but there are plenty of resources to help

NEW YORK (AP) — Many veterans who’ve started small businesses tell a similar story: Their military service prepared them mentally for the task, but they were at a disadvantage when it came to the financial part.

The No. 1 Gold Play for 2025

The No. 1 Gold Play for 2025 - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for just $6.

Who will buy Infowars? Both supporters and opponents of Alex Jones interested in bankruptcy auction

Infowars broadcasts could end next week as he faces a court-ordered auction of his company's assets to help pay the more than he owes families of victims of the Sandy Hook Elementary School shooting.

How Trump's Tax Cuts, Tariffs, 'Animal Spirits' Could Shape S&P 500 Earnings

Trump's pro-business policies, including tax cuts and deregulation, could drive S&P 500 earnings higher by 11% in 2025 and 7% in 2026, but tariffs on Chinese imports pose a downside risk.

The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys

The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys - Ad

Without vast amounts of energy, AI will NEVER scale. Microsoft, Tesla and Google are all begging for more. Even signing multi-decade deals to secure private sources of this powerful energy to fuel their data centers.. Best of all, a company with quite possibly the most potential in this sector trades for less than $1...

Top 3 Tech Stocks You'll Regret Missing In Q4

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Mark Cuban Warns Of Impact From Trump's Planned Tariffs

Mark Cuban has expressed apprehension over the economic implications of Donald Trump's proposed tariffs.

Tesla Execs Are Freaking Out

Tesla Execs Are Freaking Out - Ad

You might not believe what you're about to see is real, but I assure you the video has been left unedited. It's so revolutionary that tech giants like Microsoft, Amazon, and NVIDIA are all lining up to get their hands on it. And Elon Musk has completely restructured Tesla to chase this opportunity.

One Tech Tip: How to prepare your online accounts in case you die

LONDON (AP) — Most people have accumulated a pile of data — selfies, emails, videos and more — on their social media and digital accounts over their lifetimes. What happens to it when we die?

Trump's Billionaire Ally Plans To Join Elon Musk's DOGE If Named Treasury Secretary, Recommends Elimination Of These Subsidies

John Paulson, a billionaire investor and a close ally of former President Donald Trump, has revealed his plans to work with Elon Musk on substantial federal spending cuts if he were to be appointed

A Gold Storm Is Coming

A Gold Storm Is Coming - Ad

Stansberry Research just released a brand-new warning for what they believe will happen to gold in 2025. Even the most prepared Americans - including many retirees - could be blindsided by what's about to happen.

Trump To Joe Rogan: 'Biggest Mistake' Was Trusting 'Bad' And 'Disloyal' People

On Friday night, "The Joe Rogan Experience" podcast hosted by Joe Rogan finally aired its long-awaited episode with Donald Trump

Wendy's closing 140 more restaurants as part of push to update its locations

Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May.

Discover Canada's Hidden $54,000 Rocks That Could Power the Future of AI!

Discover Canada's Hidden $54,000 Rocks That Could Power the Future of AI! - Ad

A tiny company has found something incredible in North America: boulders worth up to $54,000 each. Contained in each is a super fuel, packed with deposits 8x richer than the global average, it may be the only deposit in the world of this caliber. With energy prices soaring, this tiny miner is set to become a major player in powering AI and beyond. Unearth this rare opportunity before Wall Street finds out what they've discovered.

If You Invested $1,000 In Apple A Decade Ago, Here's How Much You'd Have Now

A recent analysis looked at how a $1,000 investment in Apple Inc. would have fared, following the tech giant's latest earnings report and the launch of its new AI-driven features.

LA County sues Pepsi, Coca-Cola over plastic bottles

LOS ANGELES (AP) — Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.

Our No. 1 Defense Stock to Own Right Now

Our No. 1 Defense Stock to Own Right Now - Ad

In multiple wargames, U.S. forces were overwhelmed and unable to stop Chinese amphibious assaults from seizing the island. With tensions at a boiling point, the economic fallout could be devastating. Get the details on the weapons makers set to boom if war breaks out.

Apple Begins Shifting iPhone 17 Production In India, Cook's China Optimism, And More: This Week In Appleverse

From initiating the production of the iPhone 17 in India to CEO Tim Cook's positive outlook on the company's performance in China, the tech giant is not slowing down.

Bitcoin Blasts Past $82,000: 'Buy Everything You Can,' Says Bernstein

Bernstein on Monday reiterated a robust bullish stance on the crypto market, encouraging investors to "buy everything you can" as Bitcoin surged above the $82,000 mark on Monday morning.

The Mysterious VC Firm Behind Nvidia's Secret Weapon

The Mysterious VC Firm Behind Nvidia's Secret Weapon - Ad

In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they're going all-in on Nvidia's hush-hush partner that's powering their new Blackwell chip. Discover the little-known company that's attracting massive investments from the visionaries behind Nvidia's 100,000% rise.

Michelle Obama Criticizes Trump At Michigan Harris Rally: 'Why On Earth Is This Race Even Close?'

Michelle Obama stepped onto the campaign trail in Michigan, expressing her support for Kamala Harris and blasting former President Donald Trump.

Palantir Partner L3Harris Stock Climbs 4.45% In Pre Market: What's Going On?

L3Harris Technologies Inc. reported revenue of $5.3 billion for the third quarter, surpassing the consensus estimate of $5.28 billion.

What Trump 2025 Means for Military Stocks

What Trump 2025 Means for Military Stocks - Ad

A recently tested new superweapon could defeat China and restore our nation's global dominance... And I predict it could send 5 military stocks soaring. But it gets much bigger... This one controversial move by President Trump could make this wealth-building opportunity bigger. You will not want to miss out this time.

Colorado teen fights kidney failure after eating McDonald's Quarter Pounders

A 15-year-old high school freshman is hospitalized with severe complications of food poisoning after eating McDonald’s Quarter Pounder hamburgers three times in the weeks before was detected.

A promising schizophrenia drug showed mixed results. What does that mean for patients?

Some people who took a new schizophrenia drug for a year improved with only a few side effects, but many dropped out of the research, the company announced Thursday.

AI Warning: A Strange Force Overtakes U.S. Stocks

AI Warning: A Strange Force Overtakes U.S. Stocks - Ad

As AI stocks stumble/swing, Whitney Tilson just went on camera once again with his latest crash warning. If you have money in a single stock right now -- especially a tech stock -- you need to see what he's calling for today.

Tim Cook Underscores 'Several Positive Signs' In Apple's China Performance, Refrains From Talking About Economic Stimulus: 'Don't Want To Ad-Lib On The Effect Of It'

Apple CEO Tim Cook expressed cautious optimism about Apple's stable performance in China, highlighting record-high active devices and strong sales, while declining to speculate on the impact of China's economic stimulus.

Trending Now

Warren Buffett's Apple Stake Reduction Spurs $97B Cash Surgeâ€”Analysts Speculate This Could Be The Reason Behind Berkshire Hathaway's Massive Cash Pile