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Adamis: 1Q Earnings Snapshot

SAN DIEGO (AP) _ Adamis Pharmaceuticals Corp. (ADMP) on Thursday reported a loss of $7.6 million in its first quarter.

The San Diego-based company said it had a loss of 23 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The biopharmaceutical company posted revenue of $3.2 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $3.3 million.

In the final minutes of trading on Thursday, the company's shares hit $3.83. A year ago, they were trading at $3.80.


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