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Minerva Neurosciences posts 4Q profit

WALTHAM, Mass. (AP) _ Minerva Neurosciences Inc. (NERV) on Monday reported fourth-quarter net income of $162,000, after reporting a loss in the same period a year earlier.

The Waltham, Massachusetts-based company said it had net income of less than 1 cent on a per-share basis. Losses, adjusted for pretax gains, were 24 cents per share.

For the year, the company reported that its loss widened to $31.5 million, or 83 cents per share.

Minerva Neurosciences shares have fallen 5 percent since the beginning of the year. The stock has declined 34 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 NERV at https://www.zacks.com/ap/NERV