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Insmed Reported Q2-20 Financial Results
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At present, Insmed Incorporated (NASDAQ:INSM) is tracing a bullish path since the stock is trading 10.53% above its 20 Days simple moving average. The company recently reported its second quarter financial results for three months ending June 30, 2020. The Q2-2020 revenue came in at $42.5 million, as against $30.0 million in Q2-2019.
The company also reported Q2-20, GAAP net loss at $61.9 million, or $0.64 per share, as against $66.5 million, or $0.81 per share in Q2-19.
The cash and cash equivalents at the end of quarter came in at $641.9 million. Insmed reported that the total operating expenses of company for Q2-2020 came in at $86.7 million.
Funko Reported Second Quarter Financial Results
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Funko Inc (NASDAQ:FNKO), at present is trading 10.79% above its simple moving average of 20 Days and the stock comes across as bullish. The company recently reported second quarter financial results for the period ending on June 30, 2020.
The net sales of company went south 49% and came in at $98.1 million for Q2-2020, as against $191.2 million in Q2-2019. This decrease is attributed to COVID-19 impact, which also includes company's retail partners' closure.
Meanwhile, the gross margin in Q2-2020 dropped 60 basis points in the quarter. This indicates a 36.6% decrease as against 37.2% in Q2-2019. This decrease is attributed to higher freight, packaging and shipping costs due to diminished sales.
Gaming And Leisure Properties Reported Second Quarter Financial Results
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Another bullish stock is Gaming and Leisure Properties Inc (NASDAQ:GLPI) which is currently trading 10.18% above its 20 Days SMA. The company has recently announced its second quarter financial results for the period ending June 30, 2020. The total revenue of company came in at $262 million in Q2-2020 compared with $289 million in Q2-2019.
The net income of company is reported at $112.4 million as against $93 million. Adjusted EBITDA came in at $246.9 million in Q2-2020 in comparison with $260.9 million. Net income per diluted common share of GLPI was reported at $0.52 in second quarter, relative with $0.43 in Q2-19.
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COMTEX_369029875/2700/2020-08-07T08:52:06
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