Alkermes: 3Q Earnings Snapshot
DUBLIN (AP) _ Alkermes PLC (ALKS) on Thursday reported a loss of $134,000 in its third quarter.
The Dublin-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for stock option expense and amortization costs, came to 26 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The drugmaker posted revenue of $265 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $238.7 million.
Alkermes expects full-year earnings in the range of 31 cents to 43 cents per share, with revenue in the range of $1.01 billion to $1.03 billion.
Alkermes shares have decreased 25% since the beginning of the year. The stock has dropped 21% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALKS at https://www.zacks.com/ap/ALKS