Amarin Corp. (AMRN) Tops Q1 EPS by 2c, offers outlook

Amarin Corp. (NASDAQ: AMRN) reported Q1 EPS of ($0.01), $0.02 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $56.52 million versus the consensus estimate of $57.3 million.

2024 Financial Outlook

Amarin continues to make progress on reducing operating expenses and managing its cash position and is on-track to deliver $40 million of annual savings based on the reduction in force announced in July 2023. 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 the share repurchase program. We will continue to focus on cash preservation and prudently invest in the right opportunities which are value additive.

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

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