Seeking Alpha

Akorn (AKRX -12.2%) takes a hit this morning after Q1 revenue results missed the mark. The...

Akorn (AKRX -12.2%) takes a hit this morning after Q1 revenue results missed the mark. The company noted that due to constraints in capacity with its manufacturing partners as well as other market challenges, it was lagging behind with the launches of certain products that were approved late last year. It expects the issue to be resolved sometime in H2. Due to the problems however, it's lowering its forecast for FY13, now anticipating sales of $60M to $62M, or $0.53 to $0.55 per share - below Street expectations of $0.61.

Check out Seeking Alpha’s new Earnings Center »

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs