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Your email address will not be published.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

Namaste Technologies Inc. (NXTTF) Announces LOI With Inolife R&D to Conduct a Research Study

Namaste Announces LOI With Inolife R&D to Conduct a Research Study to…

MOUNTAIN HIGH ACQUISITIONS CORP. (MYHI) Subsidiary Launches into Production of Medical Grade Hand Sanitizer

Mountain High Acquisitions Corp. Subsidiary Launches into Production of Medical Grade Hand…

$GBLX Announces Ownership of Flagship Teco Medical Cannabis Growing Facility

Growblox Sciences, Inc. with Pacific Leaf Partners LLC, Announces Ownership of Flagship…

$MNTR Brings in New Accounting Firm for Medical MJ and Cannabis Business

Mentor Capital Selects Colorado Auditor for the Next Phase of Its Medical…