Medivation Q3 Profit Tops Estimates - Quick Facts

(RTTNews) - Medivation Inc. (MDVN) reported third-quarter net income of $77.99 million or $0.96 per share, compared to a loss of $13.31 million or $0.18 per share, prior year.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.84 for the quarter. Analysts' estimates typically exclude special items.

Collaboration revenue increased to $200.48 million from $60.03 million last year. Analysts expected revenue of $181.96 million for the quarter.

The company expects 2014 total collaboration revenue to be at the high end or just above the previously-guided range between $615 million and $640 million. Analysts expect the company to report full year revenue of $647.33 million.