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

The Real Brains Behind AI Machines - Ad

Nvidia CEO: E.I. Will Be as Common as Cars Today - Ad

A Low-Profile Memecoin Is Quietly Gaining Serious Momentum - Ad

Popular

China's 'cryptoqueen' jailed in UK over $6.6 billion Bitcoin scam

LONDON (AP) — A Chinese woman who was found with 5 billion pounds ($6.6 billion) in after defrauding more than 128,000 people in China in a Ponzi scheme was sentenced by a U.K. court on Tuesday to over 11 years in prison.

Congress Ended The Shutdown — But At The Cost Of Re-Criminalizing These THC Products In A Last-Minute Deal That Could Reshape The Cannabis Industry

Congress appears set to end the record-long government shutdown, but a controversial provision tucked into the spending bill is sparking alarm across the hemp and cannabis industry.

Another Gold High? Here's the Move Wall Street Is Missing ...

Another Gold High? Here's the Move Wall Street Is Missing ... - Ad

Gold just surged past $4,200, up 45% in a year - but Sean Brodrick says $6,900 could be next. History shows when gold booms, one hidden play has delivered far bigger gains - 21x, 49x, even 1,386x. The same strategy once handed 26,000% profits. And Sean says it's back on the table now.

Asian shares are mixed after Wall Street drifted around its records

MANILA, Philippines (AP) — Asian shares traded mixed on Thursday after U.S. stocks drifted near their records.

Marjorie Taylor Greene Buys 6 Stocks: Buffett, Health Care — And This Magnificent 7 Stock

Marjorie Taylor Greene discloses buying more stocks in October. Here's a look at what she added to her portfolio.

After 50 Years of Chemo, One Biotech Could Lead the Next Cancer Breakthrough

After 50 Years of Chemo, One Biotech Could Lead the Next Cancer Breakthrough - Ad

For decades, toxic chemotherapy defined cancer care. This biotech's innovative approach could finally change that. With early results showing precision without poison, this story is one investors will want to see early.

These are the 37 donors helping pay for Trump's $300 million White House ballroom

WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

Sean Duffy Backs Trump's $10K Bonus, Urges Air Traffic Controllers' Return, Promises 70% Pay 'Within 48 Hours' Of Government Reopening

Sean Duffy urges air traffic controllers to return to work and reassures them of receiving 70% pay within 24-48 hours.

Trump Just Signed s.1582 Into Law - Now the Countdown Begins...

Trump Just Signed s.1582 Into Law - Now the Countdown Begins... - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on November 18. Investors who make the right moves before then could make up to 40X by 2032...

Trump Tells Republicans To Not Be 'Weak:' 'You Will Rue The Day That You Didn't Terminate The…'

Trump urges Republicans to end filibuster and warns of Democratic plans to expand Supreme Court. Government shutdown continues.

The Real Reason This Analyst Still Calls Nebius His Favorite Neocloud Player

Nebius Group (NASDAQ: NBIS) reported strong Q3 results, boosting capacity & revenue guidance through 2026. Analyst reiterated Buy rating.

This Memecoin Looks Like a Joke-But Could Be a Goldmine

This Memecoin Looks Like a Joke-But Could Be a Goldmine - Ad

Forget DOGE and SHIB. We've uncovered a hidden memecoin showing surprising signs of strength. Early indicators-community traction, real-world utility, and institutional buzz-suggest this could be the most overlooked crypto play right now.

Watchdog group Public Citizen demands OpenAI withdraw AI video app Sora over deepfake dangers

The tech industry is moving fast and breaking things again — and this time it is humanity’s shared reality and control of our likeness before and after death — thanks to artificial intelligence image-generation platforms .

Jim Cramer: Chipotle Is 'Too Expensive,' Buy This Plane Maker

On "Mad Money," Cramer discusses Henry Schein, Bloom Energy, Tyler Technologies, Boeing and Chipotle Mexican Grill.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Microsoft Builds Massive AI 'Super Factory' In Atlanta To Power OpenAI And Elon Musk's xAI

Microsoft Corp (NASDAQ: MSFT) is building an AI super factory in Atlanta to double its data center footprint and keep up with the $400 billion AI industry.

Kevin O'Leary Explains Why Marriages Are A Lot Like Business

Marriage is like a business, says O'Leary. Financial partnership is key for long-term success, as money stress is top cause of divorce. Prenups can protect individual wealth.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Cisco, Firefly Aerospace, Pan American Silver, Serve Robotics And Circle: Why These 5 Stocks Are On Investors' Radars Today

The Dow Jones Industrial Average climbed approximately 0.7% on Wednesday, reaching 48,254.82, while the S&P 500 edged up slightly by 0.06% to 6,850.92. Meanwhile, the Nasdaq declined roughly 0.3% to close at 23,406.45.These are the top stocks that gained the attention of retail traders and investors through the day:

What to know as the annual sign-up window for health insurance arrives

Higher prices, less help and all hang over health insurance markets as shoppers start looking for coverage this week.

Forget Amazon's 1997 IPO... This Could Be 287 Times Bigger

Forget Amazon's 1997 IPO... This Could Be 287 Times Bigger - Ad

Since Amazon's IPO in 1997, it climbed enough to turn $100 into $250,000. Now, one man says Elon Musk could be gearing up to take his internet satellite giant public... in what Fortune magazine says will be the biggest IPO in history! James Altucher is sharing how ANYONE can get a pre-IPO stake... with as little as $100!

FDA says drugmakers have recalled a blood pressure medicine tainted with a cancer-causing chemical

The U.S. Food and Drug Administration says drugmakers have recalled more than a half-million bottles of the blood pressure medication prazosin hydrochloride over concerns it may include a cancer-causing chemical.

‘Regretting You’ and ‘Black Phone 2’ neck-in-neck on slow Halloween box office weekend

The movie exhibition business is closing out one of its slowest Octobers in over 25 years with a sluggish . Studios avoided opening any major new films with the holiday falling on a Friday. Instead, there were several re-releases including which is celebrating its 40th anniversary, and the Netflix phenomenon

The Real Brains Behind AI Machines

The Real Brains Behind AI Machines - Ad

AI needs more than algorithms. It needs hardware that can think and move - without melting your data center. This one company designs the most efficient chips on the planet, used in billions of devices. And it just helped launch new AI processors for data centers and robotics.

Elon Musk Teases Two More Tesla Diner Locations After Success In California: Here Are The Future Spots

The EV company opened its first Tesla Diner in July. CEO Elon Musk hints that more locations could be coming.

Sawyer Merritt Threatens To Move Assets If Charles Schwab Votes Against Elon Musk's Tesla Pay Package: 'I Can't In Good Conscience...'

Sawyer Merritt criticizes Charles Schwab for voting against Musk's $1 trillion pay package, threatening to move assets.

Nvidia CEO: E.I. Will Be as Common as Cars Today

Nvidia CEO: E.I. Will Be as Common as Cars Today - Ad

E.I. isn't science fiction anymore. It's already here. And one little-known company is quietly supplying the systems behind it. This stock is still under Wall Street's radar... but not for long. You'll get the name, the ticker, and the full thesis inside.

Dave Ramsey Reveals Why Millionaires Crush Mortgages Early

Dave Ramsey advises buying a home with cash, citing his firm's survey of millionaires who often retire their mortgages in about 10 years.

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.

A Low-Profile Memecoin Is Quietly Gaining Serious Momentum

A Low-Profile Memecoin Is Quietly Gaining Serious Momentum - Ad

While everyone's watching the big-name coins, a lesser-known memecoin is gathering speed. With unique utility, a growing user base, and strong chart signals, our research team believes this could be a breakout waiting to happen.

Energy Fuels (UUUU) Stock Is Rising Tuesday: What's Fueling The Surge?

Energy Fuels shares are trading higher on Tuesday alongside Cameco Corp, which announced a strategic partnership with the U.S. government.

Denny's to be acquired and taken private in a deal valued at $620 million

Denny's said Monday that it's being acquired by a group on investors in a deal that will take the breakfast chain private.

Another Gold High? Here's the Move Wall Street Is Missing ...

Another Gold High? Here's the Move Wall Street Is Missing ... - Ad

Bitcoin, Ethereum, XRP, Dogecoin Dip As Fed Chair Powell Pours Cold Water On December Rate Cut Hopes: Analyst Says Watch Out For These Key BTC Levels

Leading cryptocurrencies fell alongside major stock indexes on Wednesday as Federal Reserve Chair Jerome Powell said that a year-end interest rate cut is “not a foregone conclusion.”

Intel, Scienture Holdings, Ford, Deckers, And Super Micro Computer: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices closed higher on Thursday, with the Dow Jones Industrial Average up 0.3% at 46,734.61, the S&P 500 advancing nearly 0.6% to 6,738.44.

After 50 Years of Chemo, One Biotech Could Lead the Next Cancer Breakthrough

After 50 Years of Chemo, One Biotech Could Lead the Next Cancer Breakthrough - Ad

Why Did MediciNova Stock (MNOV) Jump Over 87% In After-Hours Trading?

MediciNova shares soared over 87% in after-hours trading on Thursday following the publication of promising research.

Taiwan Didn't Steal US Chip Jobs, It Helped Create Them, Says Tech Insider

Taiwan Semiconductor Manufacturing Co stands at the heart of global chip production, powering US tech giants and fueling growth.

Trump Just Signed s.1582 Into Law - Now the Countdown Begins...

Trump Just Signed s.1582 Into Law - Now the Countdown Begins... - Ad

Cathie Wood Goes Big On Alibaba With $25 Million Share Purchase, Scales Back On This Social Media Stock

Ark Invest made big moves in its portfolio, focusing on Alibaba, Baidu, and Reddit amid evolving market dynamics and regulatory challenges.

Trending Now

China's Singles' Day online shopping bonanza's sales slow as shoppers opt for more affordable deals

Toyota Fuels US Workforce With $14 Billion Battery Plant

This Memecoin Looks Like a Joke-But Could Be a Goldmine - Ad

California revokes 17,000 driver's licenses. But the state disputes it is over immigration concerns

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

Huntington Bancshares buying Cadence Bank in $7.4 billion all-stock deal

AMD, Oklo, AppLovin Corp, Viking Therapeutics And Novo Nordisk: Why These 5 Stocks Are On Investors' Radars Today

The Tesla Shock Nobody Sees Coming - Ad

How To Earn $500 A Month From Applied Materials Stock Ahead Of Q4 Earnings

MSNBC's name is being replaced, but its leaders insist that its mission will remain the same

Forget Amazon's 1997 IPO... This Could Be 287 Times Bigger - Ad

Ford Expedition vs GMC Yukon, an Edmunds big SUV comparison

Why a Visa-Mastercard legal settlement could lead to your rewards credit card getting declined

The Real Brains Behind AI Machines - Ad

JPMorgan Raises Forecast On This Warren Buffett Favorite Oil Stock

Meta Stock Continues To Slide: What's Going On?

Nvidia CEO: E.I. Will Be as Common as Cars Today - Ad

Transportation Secretary Sean Duffy warns of 'mass chaos' in skies if shutdown continues

This Undervalued Biotech Might Have Just Proven Its Star Drug's Staying Power

A Low-Profile Memecoin Is Quietly Gaining Serious Momentum - Ad

All 14 victims identified from fiery UPS cargo plane crash in Louisville

Ontario premier doesn't back down against Trump, posts video of Reagan opposing tariffs

Another Gold High? Here's the Move Wall Street Is Missing ... - Ad

Palantir, Kimberly-Clark, Hims & Hers, Navitas And Cipher Mining: Why These 5 Stocks Are On Investors' Radars Today

Watch those texts! Smartphones emerging as a new way for public figures to get into hot water

After 50 Years of Chemo, One Biotech Could Lead the Next Cancer Breakthrough - Ad

Drone sightings disrupt flights at Belgium's main airport

Fintech company Fiserv slashes guidance, shuffles leadership after big earnings miss

Trump Just Signed s.1582 Into Law - Now the Countdown Begins... - Ad

Bill Gates Foundation With Stakes In Microsoft, Berkshire, Waste Management, Faces Senate Inquiry Over Alleged $23 Million China Funding

Trump Hits Sherrill, Boosts Ciattarelli In New Jersey

This Memecoin Looks Like a Joke-But Could Be a Goldmine - Ad

Zendaya, Federer, And LightSpray: What's Fueling On's 20% Surge After Blowout Q3

Golf Icon Phil Mickelson Refutes Claims Of Insider Trading Involvement, Says, 'I Make No Trades Whatsoever'

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

Roger Carlile Takes Helm At Resources Connection As CEO Transition Unfolds

Nvidia Termed 'Undervalued' By Masayoshi Son Last Year, Now Worth $5 Trillion: Here Is What Japanese Billionaire Investor Said About Ongoing AI Hype

The Tesla Shock Nobody Sees Coming - Ad

Alaska Airlines says an information technology outage is grounding its flights

Asian shares are mostly higher in cautious trading as Wall Street settles

Forget Amazon's 1997 IPO... This Could Be 287 Times Bigger - Ad

Attackers board a ship off the coast of Somalia after firing rocket-propelled grenades

Cathie Wood Bets Big On Jack Dorsey's Bitcoin-Heavy Block, Adds Amazon And Alibaba — Sells Shopify, Surging Palantir

The Real Brains Behind AI Machines - Ad

Puzzles? Sports? Birdsong? The variety of new nonfiction means there's something for everyone

Tempus AI Stock (TEM) Slides 6% Overnight: Here's Why The Stock Is Trending

Nvidia CEO: E.I. Will Be as Common as Cars Today - Ad

Obesity, diabetes treatments fuel Eli Lilly growth and spark bidding war

Anthony Scaramucci Calls Zohran Mamdani's Win An 'Anger-Based Reaction' To Boomer Policies, Says New NYC Mayor Could Become 'Popular' If...

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.