Assertio: 1Q Earnings Snapshot

LAKE FOREST, Ill. (AP) _ Assertio Therapeutics, Inc. (ASRT) on Wednesday reported a first-quarter loss of $14.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Lake Forest, Illinois-based company said it had a loss of 22 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 23 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The drugmaker posted revenue of $57.9 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $4.81. A year ago, they were trading at $6.08.

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