Medicis Pharmaceutical (MRX)

[Investorman]

Medicis profit up; 2005 EPS outlook unchanged
August 24, 2004 4:29:00 PM ET



CHICAGO, Aug 24 (Reuters) - Drugmaker Medicis Pharmaceuticals Corp.(MRX) on Tuesday reported higher quarterly net income and provided an earnings per share outlook for full year 2005 that was unchanged from its earlier forecast but slightly behind analyst expectations.

The Scottsdale, Arizona-based maker of a product to smooth wrinkles reported net income of $23.7 million, or 37 cents a share, compared with $13.8 million, or 24 cents in the quarter a year ago.

For 2005, the company said it expects earnings per share of $1.42 compared with analyst expectations of $1.44 a share, according to Reuters Estimates. REUTERS