Alkermes (ALKS) Surpasses Q3 Earnings and Revenue Estimates

What happened: Alkermes (ALKS) reported quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share, and revenue of $480.13 million, surpassing the consensus estimate by 3.05%. Key numbers: EPS $0.09 vs. expected loss of $0.08; year-ago EPS $0.49; earnings surprise +212.50%; revenue $480.13 million vs. Why it matters: The report marks the fourth straight quarter of topping consensus EPS and revenue estimates. The stock carries a Zacks Rank #3 (Hold), with shares expected to perform in line with the market near term. Market: -1.0% today ($44.89), +58.8% YTD, 1.2x vol — as of 23:46 UTC Coverage: 3 outlets in 24h

Alkermes (ALKS) reported quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share, and revenue of $480.13 million, surpassing the consensus estimate by 3.05%.

The report marks the fourth straight quarter of topping consensus EPS and revenue estimates. The stock carries a Zacks Rank #3 (Hold), with shares expected to perform in line with the market near term. Market: -1.0% today ($44.89), +58.8% YTD, 1.2x vol — as of 23:46 UTC