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PDL BioPharma: 3Q Earnings Snapshot

Associated Press
Updated

INCLINE VILLAGE, Nev. (AP) _ PDL BioPharma Inc. (PDLI) on Wednesday reported a third-quarter loss of $17.8 million, after reporting a profit in the same period a year earlier.

The Incline Village, Nevada-based company said it had a loss of 16 cents per share. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.

The biotechnology company posted revenue of $44.2 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $2.80. A year ago, they were trading at $2.46.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PDLI at https://www.zacks.com/ap/PDLI