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La Jolla Pharmaceutical posts 1Q loss

SAN DIEGO (AP) _ La Jolla Pharmaceutical Co. (LJPC) on Thursday reported a loss of $23.2 million in its first quarter.

On a per-share basis, the San Diego-based company said it had a loss of $1.26.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.34 per share.

La Jolla Pharmaceutical shares have climbed 61 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.18, a climb of 45 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LJPC at https://www.zacks.com/ap/LJPC

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Keywords: La Jolla Pharmaceutical, Earnings Report