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Cambrex: 4Q Earnings Snapshot

EAST RUTHERFORD, N.J. (AP) _ Cambrex Corp. (CBM) on Wednesday reported fourth-quarter net income of $1.2 million.

On a per-share basis, the East Rutherford, New Jersey-based company said it had profit of 4 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.44 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.

The life sciences company posted revenue of $134.3 million in the period.

For the year, the company reported profit of $92.4 million, or $2.75 per share. Revenue was reported as $532.1 million.

Cambrex shares have risen roughly 10 percent since the beginning of the year. The stock has declined 22 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 CBM at https://www.zacks.com/ap/CBM