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Your email address will not be published.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

Choom™ (CHOOF) Announces Formation of Board of Advisors

Say Hello to Savvy: Choom™ Announces Formation of Board of Advisors Choom™…

Lifestyle Delivery Systems Inc. (LDSYF) announces CSPA Group, Inc. and LDS Agrotech Prepare for Natural Gas Power Generation at Cultivation and Nursery Facility

Lifestyle Delivery Systems Inc. announces CSPA Group, Inc. and LDS Agrotech Prepare…

Red White & Bloom Brands Inc. (RWBYF) Provides Q3 2021 Financial Results

Red White & Bloom Provides Q3 2021 Financial Results: Revenue Increased $6…

Green Thumb Industries (GTBIF) to Open Essence South Durango, Its Fifth Cannabis Store

Green Thumb Industries to Open Essence South Durango, Its Fifth Cannabis Store…