09:36 AM EDT, 05/01/2024 (MT Newswires) -- Alkermes ( ALKS ) reported Q1 adjusted earnings Wednesday of $0.43 per diluted share, compared with $0.01 a year earlier.

Analysts surveyed by Capital IQ expected $0.58.

Revenue for the quarter ended March 31 was $350.4 million, compared with $287.6 million a year earlier. Analysts surveyed by Capital IQ expected $360.3 million.

Alkermes' ( ALKS ) shares were more than 3% lower in recent trading

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