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Enanta Pharmaceuticals posts 1Q profit

WATERTOWN, Mass. (AP) _ Enanta Pharmaceuticals Inc. (ENTA) on Wednesday reported fiscal first-quarter net income of $11.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Watertown, Massachusetts-based company said it had profit of 59 cents. Earnings, adjusted for pretax expenses, were 78 cents per share.

The biotechnology company posted revenue of $38.1 million in the period.

Enanta Pharmaceuticals shares have risen 52 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $89.06, more than doubling 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 ENTA at https://www.zacks.com/ap/ENTA