ADMA Biologics hits record high on raising profit and revenue forecasts
Corrects to "years" from "year" in second bullet
** Shares of drugmaker ADMA Biologics ADMA.O rise as much as 36.5% to an all-time high of $16.64
** Stock set for its best day in four years, if gains hold
** Late on Wednesday, ADMA raised its 2024 and 2025 net income forecast to $105 mln and $155 mln, respectively, up from $85 mln and $135 mln previously
** Company also raised its 2024 and 2025 revenue forecast to $400 mln and $445 mln, respectively, up from $355 mln and $410 mln
** ADMA's Q2 revenue of $107.2 mln beat Wall Street estimates of $86.4 mln - LSEG
** Company's Q2 EPS of 13 cents beat ests. of 8 cents
** YTD, stock up more than two-fold
Reporting by Puyaan Singh
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