NasdaqGS:ALKSBiotechs
Alkermes (ALKS) Stock Revenue Jumps While Margins Lose Steam
Alkermes stock slid 4.3% to US$48.33 after its latest earnings, even though the headline story was not a collapse in the business. The real pressure point was profitability. Quarterly net income landed essentially at break even at about US$0.5 million on US$496 million of revenue, a sharp contrast to the richer margins Alkermes reported over the past year.
That margin squeeze is what traders reacted to, not a demand problem. With adjusted EBITDA at US$139.2 million and a heavier research and...