Medicis Pharmaceutical Corp. Jumped To A New High On Q4 Results

Medicis Pharmaceutical Corp. reported fourth quarter non-GAAP EPS of $0.60 after the close Friday, down from $0.68 in the prior year period. The company expects to report first quarter non-GAAP EPS of $0.45 to $0.50 and between $2.40 and $2.60 for the full year 2011.

Medicis Pharmaceutical Corp. gapped open dramatically higher Monday and posted gains in early trade, before settling into a narrow range. The stock closed up by 6.27 at $32.09 on the highest volume of the year and broke out to a new high for the year.

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