U.S. Markets close in 2 hrs 29 mins

Idera posts 4Q profit

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