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DANBURY, Conn. (AP) — DANBURY, Conn. (AP) — MannKind Corp. (MNKD) on Tuesday reported a loss of $9.8 million in its first quarter.
The Danbury, Connecticut-based company said it had a loss of 4 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The biopharmaceutical company posted revenue of $40.6 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $37.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a MNKD">Zacks stock report on MNKD at https://www.zacks.com/ap/MNKD