DANBURY, Conn. (AP) — DANBURY, Conn. (AP) — MannKind Corp. (MNKD) on Wednesday reported a loss of $16.6 million in its first quarter.
The Danbury, Connecticut-based company said it had a loss of 5 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The biopharmaceutical company posted revenue of $90.2 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $103.7 million.
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