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Diplomat Pharmaceuticals: 1Q Earnings Snapshot

FLINT, Mich. (AP) _ Diplomat Pharmacy Inc. (DPLO) on Tuesday reported a loss of $14.3 million in its first quarter.

On a per-share basis, the Flint, Michigan-based company said it had a loss of 19 cents.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The independent specialty pharmacy posted revenue of $1.26 billion in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $1.16 billion.

Diplomat Pharmaceuticals expects a full-year loss of 65 cents to 44 cents per share, with revenue in the range of $4.7 billion to $5 billion.

Diplomat Pharmaceuticals shares have dropped 56% since the beginning of the year. The stock has fallen 72% 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 DPLO at https://www.zacks.com/ap/DPLO