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MannKind: 4Q Earnings Snapshot

February 25, 2020 GMT

WESTLAKE VILLAGE, Calif. (AP) _ MannKind Corp. (MNKD) on Tuesday reported a loss of $14.3 million in its fourth quarter.

On a per-share basis, the Westlake Village, California-based company said it had a loss of 7 cents.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share.

The biopharmaceutical company posted revenue of $16 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $14.8 million.

For the year, the company reported that its loss narrowed to $51.9 million, or 27 cents per share. Revenue was reported as $63 million.

The company’s shares closed at $1.52. A year ago, they were trading at $1.56.

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