marijuana stocks

Insys Therapeutics misses 2Q profit forecasts

Insys Therapeutics posts 2Q profit of $7.3 million, result misses forecasts

 CHANDLER, Ariz. (AP) _ Insys Therapeutics Inc. (INSY) on Thursday reported second-quarter net income of $7.3 million.

The Chandler, Arizona-based company said it had net income of 10 cents per share. Earnings, adjusted for stock option expense and pretax expenses, came to 21 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The specialty pharmaceutical company posted revenue of $77.6 million in the period.

Insys Therapeutics shares have more than doubled since the beginning of the year. The stock has more than tripled in the last 12 months.


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

$ZDPY Completes Sale of Tempe Property for $2.125 Million

Zoned Properties Completes Sale of Tempe Property for $2.125 Million Zoned Properties,…

Leafbuyer Technologies, Inc. (LBUY) Posts 41% Year Over Year Revenue Growth

Leafbuyer Technologies, Inc. Posts 41% Year Over Year Revenue Growth Leafbuyer Technologies,…

The Alkaline Water Company Inc. (WTER) Ranked the #1 Best Selling National Brand at KeHE Holidays of Hope Show

Alkaline88® Ranked the #1 Best Selling National Brand at KeHE Holidays of…

Therapeutics, Inc. (INSY) Releases Statement on Illinois Settlement

Corporate News Blog – Insys Therapeutics Releases Statement on Illinois Settlement; Provides…