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Market Impact: 0.3

Alkermes (ALKS) Reports Q1 Loss, Beats Revenue Estimates

ALKS
Corporate EarningsAnalyst EstimatesHealthcare & BiotechCompany Fundamentals

Alkermes reported a quarterly loss of $0.40 per share, better than the Zacks Consensus Estimate for a $0.57 loss and also improved from earnings of $0.13 per share a year ago. The result is a modest positive versus expectations, though the company still posted a loss. The print is likely to support the stock, but the market impact should be limited absent revenue or guidance details.

Analysis

Alkermes reported a quarterly loss of $0.40 per share, better than the Zacks Consensus Estimate for a $0.57 loss and also improved from earnings of $0.13 per share a year ago. The result is a modest positive versus expectations, though the company still posted a loss. The print is likely to support the stock, but the market impact should be limited absent revenue or guidance details.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.20

Ticker Sentiment

ALKS0.20