U.S. Markets closed

ANI: 1Q Earnings Snapshot

BAUDETTE, Minn. (AP) _ ANI Pharmaceuticals Inc. (ANIP) on Thursday reported first-quarter net income of $449,000.

On a per-share basis, the Baudette, Minnesota-based company said it had net income of 4 cents. Earnings, adjusted for non-recurring costs, came to $1.30 per share.

The drugmaker posted revenue of $52.9 million in the period.

ANI expects full-year earnings in the range of $5.57 to $6.21 per share, with revenue in the range of $231 million to $245 million.

ANI shares have climbed 58% since the beginning of the year. The stock has increased 16% 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 ANIP at https://www.zacks.com/ap/ANIP