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Amphastar: 3Q Earnings Snapshot

RANCHO CUCAMONGA, Calif. (AP) _ Amphastar Pharmaceuticals Inc. (AMPH) on Thursday reported third-quarter earnings of $1.3 million.

On a per-share basis, the Rancho Cucamonga, California-based company said it had net income of 3 cents. Earnings, adjusted for non-recurring costs, came to 10 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The specialty pharmaceutical company posted revenue of $80.1 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $78.2 million.

Amphastar shares have dropped nearly 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.12, a drop of nearly 1% 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 AMPH at https://www.zacks.com/ap/AMPH