WASHINGTON (dpa-AFX) - MannKind Corp. (MNKD) reported Loss for its first quarter that increased from the same period last year in line with the Street estimates.
The company's bottom line came in at -$26.00 million, or -$0.10 per share. This compares with -$12.92 million, or -$0.05 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 31.2% to $11.99 million from $17.44 million last year.
MannKind Corp. earnings at a glance (GAAP) :
-Earnings (Q1): -$26.00 Mln. vs. -$12.92 Mln. last year. -EPS (Q1): -$0.10 vs. -$0.05 last year. -Analyst Estimate: -$0.10 -Revenue (Q1): $11.99 Mln vs. $17.44 Mln last year.
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