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Augustine Asset Management invested in Royalty Pharma, which beat earnings forecasts and projects strong growth.
Augustine Asset Management Inc. invested $200,000 in Royalty Pharma PLC (NASDAQ:RPRX), buying 6,439 shares in the first quarter.
Royalty Pharma reported earnings per share of $1.06, exceeding analyst forecasts by $0.07, and had a revenue of $839 million.
Analysts predict the company will post 4.49 earnings per share for the current year.
Royalty Pharma operates in the biopharmaceutical industry, focusing on acquiring royalties and funding innovations.
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Augustine Asset Management invirtió en Royalty Pharma, que superó los pronósticos de ganancias y proyecta un fuerte crecimiento.