Brief: Alkermes PLC Reports Financial Results For The Fourth Quarter And Year Ended Dec. 31, 2023 And Provides Financial Expectations For 2024

Alkermes

15/02/2024 14:17

Feb 15 (Reuters) - Alkermes Plc  ALKS.O :
    * REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR
ENDED
DEC. 31, 2023 AND PROVIDES FINANCIAL EXPECTATIONS FOR 2024
    * QTRLY EARNINGS PER SHARE FROM CONT OPS $0.96
    * COMPANY EXPECTS TO GENERATE 30% EBITDA MARGIN IN 2024
    * QTRLY TOTAL REVENUES $377.5 MILLION VERSUS $304.7 MILLION
    * : SEES 2024 TOTAL REVENUES BETWEEN $1,500 MILLION TO
$1,600
MILLION
    * QTRLY NON-GAAP EARNINGS PER SHARE $ 0.22
    * SEES 2024 NON-GAAP NET INCOME BETWEEN $465 MILLION - $505
MILLION
    * EXPECTED TOTAL REVENUES REFLECT EXPIRATION OF U.S. ROYALTY
RELATED TO INVEGA SUSTENNA IN AUGUST 2024.
    * Q4 EARNINGS PER SHARE VIEW $0.51, REVENUE VIEW $362.0
MILLION --
LSEG IBES DATA
    * FY2024 EARNINGS PER SHARE VIEW $2.53, REVENUE VIEW $1.52
BILLION
-- LSEG IBES DATA


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