Cumberland Pharmaceuticals, Inc. (CPIX)

[surf1944]

8:41AM Cumberland Pharma reports EPS in-line, misses on revs (CPIX) 12.00 : Reports Q4 (Dec) earnings of $0.01 per share, in-line with the First Call consensus of $0.01; revenues rose 9.2% year/year to $10.7 mln vs the $11.5 mln consensus. The decrease in net income is due primarily to a $0.9 million increase in net revenues offset by a $1.7 million increase in operating expenses and increased interest expense associated with the Company's new credit facility. This change in earnings per share was due to the decrease in net income and an increase in shares outstanding from Cumberland's initial public offering.