Amarin (AMRN) Stock Down Despite Q2 Earnings & Revenues Beat
AMRNAmarin Corporation(AMRN) ZACKS·2024-08-02 02:00

Amarin Corporation plc (AMRN) reported break-even quarterly earnings in second-quarter 2024 against the Zacks Consensus Estimate of a loss of 5 cents per share. The company recorded an adjusted loss of 4 cents per share in the year-ago quarter.Total revenues were 67.5million,whichbeattheZacksConsensusEstimateof67.5 million, which beat the Zacks Consensus Estimate of 46 million. However, revenues declined 16% from the year-ago quarter’s levels, owing to lower product revenues.Despite the better-than-expected results, shares of Amarin were down 12.9% on ...