WESTLAKE VILLAGE, Calif. (AP) _ MannKind Corp. (MNKD) on Tuesday reported a loss of $14.9 million in its first quarter.
The Westlake Village, California-based company said it had a loss of 8 cents per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 8 cents per share.
The biopharmaceutical company posted revenue of $17.4 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $18 million.
The company's shares closed at $1.55. A year ago, they were trading at $1.77.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MNKD at https://www.zacks.com/ap/MNKD