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Spectrum Pharma: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

HENDERSON, Nev. (AP) _ Spectrum Pharmaceuticals Inc. (SPPI) on Thursday reported a loss of $40.6 million in its first quarter.

The Henderson, Nevada-based company said it had a loss of 36 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.

In the final minutes of trading on Thursday, the company's shares hit $2.89. A year ago, they were trading at $9.32.

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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 SPPI at https://www.zacks.com/ap/SPPI