Benzinga | Aug 4, 2020 06:11AM EDT

Mallinckrodt Q2 Adj. EPS $1.89 Beats $1.35 Estimate, Adj. Sales $700.90M Beat $635.33M Estimate

Mallinckrodt (NYSE:MNK) reported quarterly earnings of $1.89 per share which beat the analyst consensus estimate of $1.35 by 40 percent. This is a 25.3 percent decrease over earnings of $2.53 per share from the same period last year. The company reported quarterly sales of $700.90 million which beat the analyst consensus estimate of $635.33 million by 10.32 percent. This is a 14.87 percent decrease over sales of $823.30 million the same period last year.