DUBLIN (AP) — DUBLIN (AP) — Amarin Corp. PLC (AMRN) on Wednesday reported fourth-quarter net income of $856,000.
The Dublin-based company said it had profit of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The biopharmaceutical company posted revenue of $90.2 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $89.1 million.
For the year, the company reported a loss of $105.8 million, or 26 cents per share, swinging to a loss in the period. Revenue was reported as $369.2 million.
The company’s shares closed at $2.03. A year ago, they were trading at $3.31.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMRN at https://www.zacks.com/ap/AMRN
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
