MannKind: 3Q Earnings Snapshot
WESTLAKE VILLAGE, Calif. (AP) _ MannKind Corp. (MNKD) on Wednesday reported a loss of $10.4 million in its third quarter.
On a per-share basis, the Westlake Village, California-based company said it had a loss of 5 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The biopharmaceutical company posted revenue of $14.6 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $15 million.
The company’s shares closed at $1.49. A year ago, they were trading at $1.85.