ANI: Q1 Earnings Snapshot
ANI Pharmaceuticals Inc. (ANIP) on Monday reported first-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier
By AP News
Published - May 08, 2023, 07:03 AM ET
Last Updated - Apr 05, 2024, 02:26 PM EDT
BAUDETTE, Minn. (AP) — BAUDETTE, Minn. (AP) — ANI Pharmaceuticals Inc. (ANIP) on Monday reported first-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier.
The Baudette, Minnesota-based company said it had profit of 6 cents per share. Earnings, adjusted for one-time gains and costs, were $1.17 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The drugmaker posted revenue of $106.8 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $83 million.
