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Mallinckrodt: 4Q Earnings Snapshot

February 25, 2020 GMT

SURREY, Britain (AP) _ Mallinckrodt PLC (MNK) on Tuesday reported a loss of $1.16 billion in its fourth quarter.

On a per-share basis, the Surrey, Britain-based company said it had a loss of $13.76. Earnings, adjusted for one-time gains and costs, were $2.40 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.

The specialty pharmaceutical company posted revenue of $804.9 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $774.1 million.

For the year, the company reported that its loss narrowed to $996.5 million, or $11.88 per share. Revenue was reported as $3.16 billion.

The company’s shares closed at $4.17. A year ago, they were trading at $21.49.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MNK at https://www.zacks.com/ap/MNK