Amarin Corp. (AMRN) Tops Q1 EPS by 5c

Amarin Corp. (NASDAQ: AMRN) reported Q1 EPS of $0.02, $0.05 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $86 million versus the consensus estimate of $82.18 million.

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 $270 million to $285 million from $290 to $305 million, reflecting additional identified cost savings along with timing of reimbursements. With the recent stable U.S. business revenues and 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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