Avadel: Q1 Earnings Snapshot
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DUBLIN (AP) — DUBLIN (AP) — Avadel Pharmaceuticals PLC (AVDL) on Thursday reported a loss of $30.8 million in its first quarter.
The Dublin-based company said it had a loss of 48 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.
Avadel shares have increased 99% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.25, more than tripling 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 AVDL at https://www.zacks.com/ap/AVDL
