MannKind: 2Q Earnings Snapshot
WESTLAKE VILLAGE, Calif. (AP) _ MannKind Corp. (MNKD) on Wednesday reported a loss of $12.4 million in its second quarter.
The Westlake Village, California-based company said it had a loss of 7 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share.
The biopharmaceutical company posted revenue of $15 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $14.8 million.
In the final minutes of trading on Wednesday, the company’s shares hit $1.12. A year ago, they were trading at $1.11.