Amarin Corp. (AMRN) Tops Q2 EPS by 5c

Amarin Corp. (NASDAQ: AMRN) reported Q2 EPS of $0.02, $0.05 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $80.2 million versus the consensus estimate of $80.36 million.

2023 Financial Outlook:

Amarin continues to make progress on reducing operating expenses and managing its cash position. The Company is now lowering operating expense guidance for the full year 2023 to the range of $240 million to $250 million from $270 million to $285 million, reflecting additional identified cost savings along with timing of reimbursements as well as savings from restructuring. With the recent cash preservation initiatives, Amarin reiterates its belief that current cash and investments and other assets are adequate to support continued operations, including European launch activities.

For earnings history and earnings-related data on Amarin Corp. (AMRN) click here.

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