April 29, 2020 / 11:14 AM / a month ago

BRIEF-Alkermes Q1 Non-GAAP Earnings Per Share $0.01

April 29 (Reuters) - Alkermes Plc:

* REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS AND PROVIDES COVID-19 RELATED BUSINESS UPDATE

* Q1 NON-GAAP EARNINGS PER SHARE $0.01

* Q1 GAAP LOSS PER SHARE $0.24

* Q1 REVENUE $246.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $228.2 MILLION

* Q1 EARNINGS PER SHARE ESTIMATE $-0.06 — REFINITIV IBES DATA

* WITHDRAWS PREVIOUSLY PROVIDED 2020 FINANCIAL EXPECTATIONS DUE TO COVID-19 UNCERTAINTIES

* AT MARCH 31, 2020, ALKERMES RECORDED CASH, CASH EQUIVALENTS AND TOTAL INVESTMENTS OF $549.7 MILLION

* REMAIN FOCUSED ON DRIVING GROWTH OF VIVITROL AND ARISTADA

* “BELIEVE ALKERMES IS FINANCIALLY WELL-POSITIONED, WITH SUFFICIENT CAPITAL AND LIQUIDITY TO WEATHER IMPACTS OF THIS PANDEMIC” Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below