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MannKind Corp. Q1 loss increases in line with estimates

MannKind Corp. (MNKD) reported Loss for its first quarter that increased from the same period last year in line with the Street estimates.

The company's bottom line came in at -$26.00 million, or -$0.10 per share. This compares with -$12.92 million, or -$0.05 per share, in last year's first quarter.

Analysts on average had expected the company to earn -$0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 31.2% to $11.99 million from $17.44 million last year.

MannKind Corp. earnings at a glance (GAAP) :

-Earnings (Q1): -$26.00 Mln. vs. -$12.92 Mln. last year.
-EPS (Q1): -$0.10 vs. -$0.05 last year.
-Analyst Estimate: -$0.10
-Revenue (Q1): $11.99 Mln vs. $17.44 Mln last year.

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