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MannKind: 3Q Earnings Snapshot

November 6, 2019

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.


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