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Operator
Good day, everyone, and welcome to today s Standard Motor Products Second Quarter Earnings Call. [Operator Instructions]
It is now my pleasure to turn today s program over to Larry Sills, Chairman.
Lawrence I. Sills
Chairman of the Board
Good morning, everyone, and welcome to Standard Motor Products Second Quarter Earnings Call. My name is Larry Sills, Chairman of the Board. With me this morning, we have Eric Sills, President and CEO; Jim Burke, Chief Operating Officer; and Nathan Iles, Chief Financial Officer. What we ll be doing this morning is Eric will review highlights of the first quarter. Jim will talk a little more about operations. Nathan will take a deeper dive into the numbers, and then we ll open it to questions.
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Growth stocks can be attractive additions to your long-term portfolio. However, any loss of confidence in their future performance typically leads to a significant and rapid price correction. Therefore, potential investors should do proper due diligence and be ready for volatility especially during the earnings season.
Growth Stocks: Alkermes (ALKS)
52 week range: $15.35 $25.74
Ireland-based biopharma group Alkermes has a portfolio of marketed drugs and a clinical pipeline of products that address central nervous system (CNS) disorders such as schizophrenia, depression, addiction, multiple sclerosis (MS) and oncology. The company was founded in 1987.
Alkermes reported earnings in late April. Revenue was $251 million, compared to $246 million for the same period in the prior year. Non-GAAP net income of $17.8 million translated into diluted earnings per share of 11 cents, big gains compared to EPS of 1 cent for the same period in the prior year. At the end of March, the company
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