Diplomat Pharmacy (DPLO) Stock Surges Following Earnings Beat

Diplomat Pharmacy (DPLO) shares are up double digits after the company beat analysts third quarter earnings expectations.
By Tony Owusu ,

NEW YORK (TheStreet) -- Diplomat Pharmacy (DPLO) - Get Report shares are up 17.29% to $34.32 in afternoon trading on Wednesday following the release of the company's third quarter earnings results after Tuesday's market close.

The Flint, MI-based specialty pharmacy reported a third quarter profit of $16 million profit, or an EPS of 26 cents per share on revenue of $946.9 million.

Analysts on average were expecting the company to report earnings of 17 cents per share on revenue of $931.4 million.

For the year, the company provided earnings guidance in the range of 69 cents to 73 cents per share on revenue between $3.25 billion and $3.4 billion. 

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