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MannKind: 2Q Earnings Snapshot

August 7, 2019

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.

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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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