Amarin: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

DUBLIN (AP) _ Amarin Corp. PLC (AMRN) on Tuesday reported fourth-quarter net income of $7.1 million, after reporting a loss in the same period a year earlier.

The Dublin-based company said it had profit of 2 cents per share. Earnings, adjusted for stock option expense, came to 4 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The biopharmaceutical company posted revenue of $143.3 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $134.4 million.

For the year, the company reported that its loss narrowed to $22.6 million, or 7 cents per share. Revenue was reported as $429.8 million.

Amarin expects full-year revenue in the range of $650 million to $700 million.

Amarin shares have declined 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.50, a fall of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMRN at https://www.zacks.com/ap/AMRN