Alkermes: Fourth Quarter Earnings Overview

Alkermes PLC Announces Fourth-Quarter Financial Results

Alkermes PLC, headquartered in Dublin, reported a net income of $49.3 million for the fourth quarter.

The company’s earnings translated to $0.29 per share. After adjusting for expenses related to stock options and merger and acquisition activities, adjusted earnings reached $0.46 per share.

These results surpassed analyst expectations, as the consensus from three analysts polled by Zacks Investment Research had projected earnings of $0.43 per share.

During the quarter, Alkermes generated $384.5 million in revenue, outperforming the $380 million anticipated by seven Zacks analysts.

For the full year, Alkermes reported a total profit of $241.7 million, or $1.43 per share, with annual revenue amounting to $1.48 billion.

Since the start of the year, Alkermes’ stock price has increased by 19%. However, over the past twelve months, the shares have declined by 6%.

This article was produced by Automated Insights using data provided by Zacks Investment Research.