U.S. Markets close in 4 hrs 55 mins

Cambrex: 1Q Earnings Snapshot

EAST RUTHERFORD, N.J. (AP) _ Cambrex Corp. (CBM) on Thursday reported first-quarter profit of $10.4 million.

The East Rutherford, New Jersey-based company said it had net income of 31 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 60 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The life sciences company posted revenue of $157.9 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $159.1 million.

Cambrex shares have climbed 14% since the beginning of the year. The stock has decreased 21% 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 CBM at https://www.zacks.com/ap/CBM