DANBURY, Conn. (AP) — DANBURY, Conn. (AP) — MannKind Corp. (MNKD) on Thursday reported a loss of $17.9 million in its fourth quarter.
On a per-share basis, the Danbury, Connecticut-based company said it had a loss of 7 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The biopharmaceutical company posted revenue of $36.1 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $36.2 million.
For the year, the company reported that its loss widened to $87.4 million, or 34 cents per share. Revenue was reported as $99.8 million.
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