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Tuesday, November 5, 2019

Mallinckrodt Q3 Acthar sales down 21%

Mallinckrodt (NYSE:MNKQ3 results:
Sales: $743.7M (-7.0%).
Key product sales: Acthar gel: $229.8M (-20.8%); Inomax: $136.8M (+2.7%).
Net loss: ($1.1M) (-101.0%); non-GAAP net income: $174.5M (-8.6%); loss/share: ($0.01) (-100.7%); non-GAAP EPS: $2.07 (-8.0%).
2019 guidance: EPS: $8.50 – 8.70 from $8.40 – 8.70.
Shares down 2% premarket on light volume.

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