Insmed Reports Third Quarter 2020 Financial Results and Provides Business Update
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Insmed (INSM) Misses Q3 EPS by 2c, Revenues Miss
October 29, 2020 7:55 AM EDTInsmed (NASDAQ: INSM) reported Q3 EPS of ($0.63), $0.02 worse than the analyst estimate of ($0.61). Revenue for the quarter came in at $43.6 million versus the consensus estimate of $46.07 million.
Third Quarter 2020 Financial Results
Total revenue for the third quarter ended September 30, 2020, was $43.6 million, comprising U.S. net sales of $42.0 million and ex-U.S. net sales of $1.6 million. This compares to total revenue of $38.9 million for the third quarter of 2019.Cost of product... More