DANBURY, Conn. (AP) — DANBURY, Conn. (AP) — MannKind Corp. (MNKD) on Wednesday reported first-quarter earnings of $10.6 million.
The Danbury, Connecticut-based company said it had profit of 4 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 5 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The biopharmaceutical company posted revenue of $66.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $58.2 million.
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