MannKind Q1 2024 Adj EPS $0.05 Beats $0.03 Estimate, Sales $66.263M Beat $60.490M Estimate
Portfolio Pulse from Benzinga Newsdesk
MannKind Corporation (NASDAQ:MNKD) reported Q1 2024 earnings of $0.05 per share, surpassing the $0.03 estimate, marking a 350% increase from the previous year's loss of $(0.02) per share. Sales reached $66.263M, exceeding the $60.490M estimate, a 63.10% increase from the previous year's $40.626M.
May 08, 2024 | 8:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
MannKind Corporation reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings of $0.05 per share and sales of $66.263M.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year growth, suggests a strong financial performance by MannKind. This is likely to positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100