* Q3 EPS $0.41 beats Street by 7 cents
* Revenue almost doubles to $44.8 mln
* Raises 2010 EPS view to $1.45-$1.50
* Shares up 13 pct
Nov 4 Jazz Pharmaceuticals Inc (JAZZ.O) posted
better-than-expected quarterly profit, helped by higher sales
of its sleep disorder drug, and raised its full-year earnings
view, sending its shares up 13 percent after the bell.
For 2010, the company expects to earn $1.45-$1.50 a share,
up from prior view of $1.05-$1.15 a share.
Analysts on average were expecting earnings of $1.15 a
share, according to Thomson Reuters I/B/E/S.
The company also sees total product sales of $164-$168
million, compared with earlier estimate of $156-$162 million.
For the July-September quarter, the company reported a net
income of $13.2 million, or 32 cents a share, compared with net
loss of $1.7 million, or 5 cents a share, a year ago.
Excluding items, it earned 41 cents a share.
Revenue almost doubled to $44.8 million.
Analysts on average expected earnings of 34 cents a share
on revenue of $42.6 million.
Sales of the company's sleep disorder drug Xyrem rose 49
percent to $37.2 million while sales of Luvox, the once-a-day
drug to treat social anxiety disorder, rose 33 percent to $6.6
Palo Alto, California-based company's shares, which have
risen 18 percent since the U.S health regulator rejected its
experimental drug to treat fibromyalgia, closed at $12.40 on
Thursday on Nasdaq.
(Reporting by Shravya Jain in Bangalore; Editing by Don