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Your email address will not be published.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

 Green Thumb Industries Inc. (GTBIF) Announces Conference Participation for August 2020

Green Thumb Industries Announces Conference Participation for August 2020 Green Thumb Industries…

Cresco Labs Inc. (CRLBF) Reports First Quarter 2023 Results

Cresco Labs Reports First Quarter 2023 Results Cresco Labs Inc. (CSE: CL)…

$CTCO Announces Name Change to Peak Pharmaceuticals, Inc

Peak Pharmaceuticals, Inc. Announces Name Change From Cannabis Therapy Corp. Corporate Business…

$FULL Gives Investment Portfolio Update

Full Circle Capital Provides Update on Second Quarter 2015 Portfolio Activity Second…