United Therapeutics Q3 Earnings Beat Estimates, Revenues Miss Mark

United Therapeutics UTHR reported third-quarter 2025 earnings of $7.16 per share, which beat the Zacks Consensus Estimate of $6.89. Earnings rose 12% year over year on the back of higher product sales.United Therapeutics markets four products for pulmonary arterial hypertension (PAH) — Tyvaso, Orenitram, Adcirca and Remodulin. It also markets Unituxin for treating pediatric patients with high-risk neuroblastoma.Revenues in the third quarter came in at $799.5 million, missing the Zacks Consensus Estimate of $818 million. Revenues, however, rose 7% year over year, driven by growth of key products — Tyvaso and Orenitram.Shares of United Therapeutics have rallied 17.8% so far this year compared with the industry’s 9.2% increase.Image Source: Zacks Investment ResearchUTHR's Q3 Earnings in DetailUnited Therapeutics markets two versions of Tyvaso: Tyvaso dry powder inhalation (DPI) and nebulized Tyvaso. Both versions are approved for treating PAH and pulmonary hypertension associated with interstitial lung disease (PH-ILD) indications.Overall, Tyvaso sales were $478 million, up 10% year over year. Tyvaso sales, however, missed the Zacks Consensus Estimate of $484 million.Tyvaso DPI recorded sales of $336.2 million, up 22% year over year, driven by higher volumes and price increases, which were partially offset by higher gross-to-net deductions. Continued growth in commercialization led to patient growth, which, in turn, benefited volumes.Revenues from nebulized Tyvaso (treprostinil) were $141.8 million, down 11%, mainly due to higher gross-to-net revenue deductions and a lower volume.Sales of Orenitram rose 16% year over year to $131.1 million, primarily driven by higher volumes, partly due to increased commercialization following the implementation of the Part D redesign under the Inflation Reduction Act.Remodulin (including Remunity Pump) sales declined 2% year over year to $125.9 million.Unituxin sales were down 22% year over year to $47.9 million.Adcirca sales were $9.7 million, up 39% year over year.Research and development expenses were $127.5 million in the quarter, up 23% year over year due to higher costs incurred for ongoing clinical development activities and higher share-based compensation expenses.Selling, general and administrative expenses declined 17% to $182.6 million in the quarter, mainly due to an accrued liability of $65.1 million recorded in the third quarter of 2024 related to ongoing litigation with Sandoz.UTHR's Pipeline & Other UpdatesUnited Therapeutics’ key phase III programs include Tyvaso in patients with various forms of chronic fibrosing interstitial lung disease (TETON studies) and oral ralinepag in PAH indications (ADVANCE OUTCOMES study).Last month, the company announced data from the late-stage TETON-2 study, which showed clinical benefit in idiopathic pulmonary fibrosis (IPF) patients after a year-long treatment with nebulized Tyvaso.The study met its primary endpoint, with Tyvaso-treated patients showing a 95.6 mL improvement in absolute forced vital capacity (FVC) over placebo. FVC measures the maximum amount of air a person can forcibly exhale after taking a deep breath. The treatment benefits were also consistent across patient subgroups — regardless of background therapy, smoking status, or oxygen use — while the safety profile aligned with prior Tyvaso studies.Management believes that the data from the TETON-2 study could broaden Tyvaso’s therapeutic reach and potentially drive UTHR’s long-term growth.Besides TETON-2, the company is also conducting the phase III TETON-1 study of nebulized Tyvaso in IPF patients. A data readout from the TETON-1 study is expected in the first half of 2026.United Therapeutics plans to meet with the FDA before the end of this year to potentially expedite the regulatory review process once the TETON-1 results are available.United Therapeutics completed full enrollment in the phase III ADVANCE OUTCOMES study evaluating ralinepag for the treatment of PAH in June. Top-line data from the same is expected in the first half of 2026.United Therapeutics Corporation Price, Consensus and EPS Surprise United Therapeutics Corporation price-consensus-eps-surprise-chart | United Therapeutics Corporation QuoteUTHR's Zacks Rank & Stocks to ConsiderUnited Therapeutics currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the biotech sector are ANI Pharmaceuticals ANIP, Beam Therapeutics BEAM and CorMedix CRMD, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.In the past 60 days, estimates for ANI Pharmaceuticals’ earnings per share have increased from $7.25 to $7.29 for 2025. During the same time, earnings per share estimates for 2026 have increased from $7.74 to $7.81. Year to date, shares of ANIP have surged 68.9%.ANI Pharmaceuticals' earnings beat estimates in each of the trailing four quarters, the average surprise being 22.66%.In the past 60 days, estimates for Beam Therapeutics' loss per share have narrowed from $4.36 to $4.23 for 2025. During the same time, loss per share estimates for 2026 have narrowed from $4.41 to $4.21. Year to date, shares of BEAM have gained 6.5%.Beam Therapeutics’ earnings beat estimates in two of the trailing four quarters while missing the same on the remaining two occasions, the average negative surprise being 2.62%.In the past 60 days, estimates for CorMedix’s earnings per share have increased from $1.22 to $1.85 for 2025. During the same time, earnings per share estimates for 2026 have increased from $2.12 to $2.49. Year to date, shares of CRMD have rallied 37.4%.CorMedix’s earnings beat estimates in each of the trailing four quarters, the average surprise being 34.85%.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Therapeutics Corporation (UTHR): Free Stock Analysis Report Beam Therapeutics Inc. (BEAM): Free Stock Analysis Report ANI Pharmaceuticals, Inc. (ANIP): Free Stock Analysis Report CorMedix Inc (CRMD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks