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Impax Laboratories Inc. (IPXL) Is Losing Ground After Weak Q1 Report

Impax Laboratories Inc. (IPXL) reported first quarter adjusted EPS of $0.09 after the bell Monday, down from $0.24 in the prior year period. Analysts expected EPS of $0.18. The stock is now down 3.84 on 49K shares.

Impax Laboratories climbed throughout the first half of Monday's session and finished with a gain of 0.99 at $46.10. The stock closed near the upper end of a week and a half long trading range.

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