Yahoo Finance Amarin Full Year 2023 Earnings: Beats Expectations
Amarin (NASDAQ:AMRN) Full Year 2023 Results
Key Financial Results
Revenue: US$306.9m (down 17% from FY 2022).
Net loss: US$59.1m (loss narrowed by 44% from FY 2022).
US$0.14 loss per share (improved from US$0.26 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Amarin Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 32% from a week ago.
Risk Analysis
Be aware that Amarin is showing 1 warning sign in our investment analysis that you should know about...
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