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Ligand: 4Q Earnings Snapshot

SAN DIEGO (AP) _ Ligand Pharmaceuticals Inc. (LGND) on Thursday reported a loss of $42.5 million in its fourth quarter.

On a per-share basis, the San Diego-based company said it had a loss of $2.02. Earnings, adjusted for one-time gains and costs, came to $1.70 per share.

The drugmaker posted revenue of $59.6 million in the period.

For the year, the company reported profit of $143.3 million, or $5.96 per share. Revenue was reported as $251.5 million.

Ligand expects full-year earnings to be $6.05 per share, with revenue expected to be $224 million.

Ligand shares have declined 14 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $116.52, a fall of 24 percent 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 LGND at https://www.zacks.com/ap/LGND