DANBURY, Conn. (AP) — DANBURY, Conn. (AP) — MannKind Corp. (MNKD) on Thursday reported a loss of $15.9 million in its fourth quarter.
On a per-share basis, the Danbury, Connecticut-based company said it had a loss of 5 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The biopharmaceutical company posted revenue of $112 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $96.8 million.
For the year, the company reported profit of $5.9 million, or 2 cents per share. Revenue was reported as $349 million.
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