Puma Biotechnology, Inc. ( PBYI ) is expected to report third-quarter 2014 results before the opening bell on Nov 11. Last quarter, the company had posted a negative earnings surprise of 53.57%. The four-quarter trailing average surprise is a negative 26.32%. Let's see how things are shaping up for this announcement. Factors at Play With no approved products in its portfolio, Puma Biotechnology is not expected to record any revenues in the third quarter as was the case in the previous quarters. The company's operating expenses will continue to rise during the third quarter. Particularly, its research and development expenses are expected to go up during the quarter as it is investing heavily in its pipeline. The company's primary candidate, neratinib (PB272), is being evaluated for the treatment of different types of tumor in several mid- and late-stage studies. Puma Biotechnology has a licensing agreement with Pfizer ( PFE ) for neratinib. Puma Biotechnology's general and administrative expenses, which increased in the last couple of quarters, may also increase in the third quarter. Higher operating expenses will continue to keep Puma Biotechnology's bottom line under pressure. Earnings Whispers? Our proven model does not conclusively show that Puma Biotechnology is likely … Continue reading
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