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Your email address will not be published.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

$VPRB Announces Record Third Quarter Revenues

VPR Brands Announces Record Third Quarter Revenues VPR Brands, LP ( OTC…

 Green Thumb Industries Inc. (GTI) (GTBIF) To Hold Fourth Quarter and Full Year 2019 Earnings Conference Call

Green Thumb Industries (GTI) To Hold Fourth Quarter and Full Year 2019…

Neptune Wellness Solutions Inc. (NEPT) To Drive Cost Reduction by Bringing Legal Services In-House

Neptune To Drive Cost Reduction by Bringing Legal Services In-House Neptune Wellness…

Jushi Holdings Inc. (JUSHF) Acquires Remaining Equity Ownership Interests of Dalitso LLC

Jushi Holdings Inc. Acquires Remaining Equity Ownership Interests of Dalitso LLC, the…