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MannKind posts 4Q profit

VALENCIA, Calif. (AP) _ MannKind Corp. (MNKD) on Thursday reported fourth-quarter net income of $54 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Valencia, California-based company said it had net income of 56 cents. Losses, adjusted for non-recurring gains, were 19 cents per share.

The biopharmaceutical company posted revenue of $12.4 million in the period.

For the year, the company reported net income of $125.7 million, or $1.36 per share, swinging to a profit in the period. Revenue was reported as $174.8 million.

In the final minutes of trading on Thursday, the company's shares hit $2.07. A year ago, they were trading at $7.70.

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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 MNKD at https://www.zacks.com/ap/MNKD

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Keywords: MannKind, Earnings Report