MannKind: Q1 Earnings Snapshot

By The Associated Press

Posted Jun 18, 2021 09:56:52 AM.

Last Updated Jun 18, 2021 10:10:11 AM.

WESTLAKE VILLAGE, Calif. (AP) _ MannKind Corp. (MNKD) on Wednesday reported a loss of $12.9 million in its first quarter.

The Westlake Village, California-based company said it had a loss of 5 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The biopharmaceutical company posted revenue of $17.4 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $16.1 million.

The company’s shares closed at $4.44. A year ago, they were trading at $1.86.

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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

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