CAMBRIDGE, Mass. (AP) _ Idera Pharmaceuticals Inc. (IDRA) on Wednesday reported fourth-quarter net income of $822,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Cambridge, Massachusetts-based company said it had profit of 1 cent.
The drugmaker posted revenue of $15.3 million in the period.
For the year, the company reported that its loss narrowed to $38.4 million, or 30 cents per share. Revenue was reported as $16.2 million.
In the final minutes of trading on Wednesday, the company's shares hit $1.83. A year ago, they were trading at $1.86.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IDRA at https://www.zacks.com/ap/IDRA
Keywords: Idera Pharmaceuticals, Earnings Report