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Corcept: 1Q Earnings Snapshot

MENLO PARK, Calif. (AP) _ Corcept Therapeutics Inc. (CORT) on Thursday reported first-quarter profit of $18.3 million.

The Menlo Park, California-based company said it had net income of 15 cents per share. Earnings, adjusted for non-recurring costs, were 20 cents per share.

The drug developer posted revenue of $64.8 million in the period.

Corcept shares have declined 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.41, a fall of 33% 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 CORT at https://www.zacks.com/ap/CORT