RANCHO CUCAMONGA, Calif. (AP) _ Amphastar Pharmaceuticals Inc. (AMPH) on Tuesday reported fourth-quarter earnings of $1.9 million.
On a per-share basis, the Rancho Cucamonga, California-based company said it had profit of 4 cents. Earnings, adjusted for non-recurring costs, came to 13 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The specialty pharmaceutical company posted revenue of $89.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $75.5 million.
For the year, the company reported a loss of $5.7 million, or 12 cents per share, swinging to a loss in the period. Revenue was reported as $294.7 million.
Amphastar shares have climbed 21 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.17, a rise of 23 percent in the last 12 months.
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