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Corcept Therapeutics Q2 Earnings, Revenue Rise; Shares Jump After Hours

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Corcept Therapeutics (CORT) reported Q2 earnings late Wednesday of $0.36 per diluted share, up from $0.29 a year earlier.

Analysts polled by FactSet expected $0.02.

Revenue for the three months ended June 30 rose to $256.1 million from $194.4 million a year earlier.

Analysts expected $221.1 million.

The company boosted full-year revenue guidance to $1.1 billion to $1.2 billion from the prior forecast of $950 million to $1.05 billion.

Analysts project $999.5 million.

Corcept shares jumped 18% in after-hours trading.

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