Alvotech Swings to Profit in H1, Product Revenue Rises; Shares Gain After Hours

MT Newswires Live
Aug 14

Alvotech (ALVO) reported H1 earnings late Wednesday of $0.49 per diluted share, swinging from a loss of $0.61 from a year earlier.

Product revenue in the six months ended June 30 rose to $204.7 million from $65.9 million a year earlier.

Alvotech shares rose 5.3% in after-hours trading.

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