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What: Shares of Auxilium Pharmaceuticals
So what: Interestingly, "lower demand" doesn't equal lower revenue. Sales of its signature treatment, XIAFLEX, rose 130% year over year to $13.1 million, with $10.3 million of that originating in the United States.
Now what: Auxilium also reported a sharply better profit picture. Net loss narrowed to $0.08 per share, down from $0.27 a year ago. Analysts expected a $0.21 loss, according to data compiled by Yahoo! Finance. Do you think today's selling was overdone? Would you buy shares of Auxilium Pharmaceuticals at current prices? Please weigh in using the comments box below.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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