Amarin Reports Q4 Results, Beats Earnings and Revenue Targets
Amarin (NASDAQ: AMRN) announced its fourth-quarter and full-year financial results on Tuesday afternoon. The company managed to beat both the revenue and earnings targets set by Wall Street analysts, thanks in no small part to sales of its fish-oil derived drug, Vascepa.
The pharmaceutical company reported $143.3 million in revenue for Q4 2019, an 85% increase from the $77.3 million reported in Q4 2018. Amarin just barely made a profit in this quarter, with $7.1 million in net income in comparison with the $33.7 net loss reported last year.
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Source Fool.com
