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Your email address will not be published.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

$SIPC Provides Hemp Beer Update With Ute Pass Brewing Company

Sipp Industries Provides Hemp Beer Update With Ute Pass Brewing Company and…

Verano Holdings Corp. (VRNOF) Announces the Opening of Zen Leaf Norwich

Verano Announces the Opening of Zen Leaf Norwich, the Company’s First Social…

Leafbuyer Technologies, Inc. (LBUY) Pivots Strategy as Dispensaries Deemed ‘Essential’

Leafbuyer Technologies, Inc. Pivots Strategy as Dispensaries Deemed ‘Essential’ Leafbuyer Technologies, Inc. (“Leafbuyer”…

$LXRP Lexaria Signs Distribution Agreement with Telluride Coffee

Lexaria Signs Distribution Agreement with Telluride Coffee Lexaria, Corp. (LXRP) (CSE:LXX) (the…