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Cumberland reports 4Q loss

NASHVILLE, Tenn. (AP) _ Cumberland Pharmaceuticals Inc. (CPIX) on Tuesday reported a fourth-quarter loss of $750,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Nashville, Tennessee-based company said it had a loss of 5 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 7 cents per share.

The pharmaceutical company posted revenue of $9.1 million in the period.

For the year, the company reported a loss of $945,000, or 6 cents per share, swinging to a loss in the period. Revenue was reported as $33 million.

Cumberland shares have increased 1.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.58, a rise of 16 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 CPIX at https://www.zacks.com/ap/CPIX


Keywords: Cumberland Pharmaceuticals, Earnings Report