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Alimera Sciences: 4Q Earnings Snapshot

ALPHARETTA, Ga. (AP) _ Alimera Sciences Inc. (ALIM) on Wednesday reported fourth-quarter net income of $498,000, after reporting a loss in the same period a year earlier.

The Alpharetta, Georgia-based company said it had net income of 8 cents per share.

The eye drug developer posted revenue of $17.3 million in the period.

For the year, the company reported that its loss narrowed to $10.4 million, or $2.19 per share. Revenue was reported as $53.9 million.

Alimera Sciences shares have dropped 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.01, a decline of 64% in the last 12 months.

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