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Your email address will not be published.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

Curaleaf Holdings, Inc. (CURLF) Continues to Combat Food Insecurity With 4th Annual ‘Feed the Block’ Fundraiser

Curaleaf Continues to Combat Food Insecurity With 4th Annual ‘Feed the Block’…

TILT Holdings Inc. (TLLTF) Receives Approval for Adult-Use Operations at its Taunton, Massachusetts Facility

TILT Holdings Receives Approval for Adult-Use Operations at its Taunton, Massachusetts Facility…

#BLPG Ensures Safe Lawful Cannabis Operations in Downtown Denver

Blue Line Protection Group Ensures Safe Lawful Cannabis Operations in Downtown Denver…

Charlotte’s Web Holdings, Inc. (CWBHF) Reports 2023 Second Quarter Financial Results

Charlotte’s Web Reports 2023 Second Quarter Financial Results Charlotte’s Web Holdings, Inc.…