NASHVILLE, Tenn. (AP) _ Cumberland Pharmaceuticals Inc. (CPIX) on Tuesday reported a loss of $2 million in its third quarter.
The Nashville, Tennessee-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 1 cent per share.
The pharmaceutical company posted revenue of $10.4 million in the period.
Cumberland shares have dropped 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.67, a fall of 13% in the last 12 months.