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Ligand: 1Q Earnings Snapshot

SAN DIEGO (AP) _ Ligand Pharmaceuticals Inc. (LGND) on Thursday reported first-quarter earnings of $666.3 million.

The San Diego-based company said it had profit of $31.32 per share. Earnings, adjusted for one-time gains and costs, came to $1.16 per share.

The drugmaker posted revenue of $43.5 million in the period.

Ligand expects full-year earnings to be $3.20 per share, with revenue expected to be $118 million.

Ligand shares have fallen roughly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $126.67, a drop of 18% 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 LGND at https://www.zacks.com/ap/LGND