Alkermes: Q1 Earnings Snapshot
By AP News
Published - Apr 26, 2023, 07:12 AM ET
Last Updated - Jun 22, 2023, 03:45 AM EDT
DUBLIN (AP) — DUBLIN (AP) — Alkermes PLC (ALKS) on Wednesday reported a loss of $41.8 million in its first quarter.
On a per-share basis, the Dublin-based company said it had a loss of 25 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The drugmaker posted revenue of $287.6 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $284.2 million.
