Alkermes' (ALKS) Q1 Earnings & Revenues Fall Shy of Estimates

Alkermes plc (ALKS) reported adjusted earnings from continuing operations of 44 cents per share for first-quarter 2024, which missed the Zacks Consensus Estimate of 59 cents. The company had reported adjusted earnings of 18 per share in the year-ago quarter.ALKS’ revenues of $350.4 million rose 21.8% from the year-ago quarter’s level owing to the strong performance of its proprietary products portfolio. The top line, however, missed the Zacks Consensus Estimate of$ 360 million.Quarter in DetailAlkermes deri ...