MannKind: 4Q Earnings Snapshot
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.