PDL BioPharma: 1Q Earnings Snapshot

INCLINE VILLAGE, Nev. (AP) _ PDL BioPharma Inc. (PDLI) on Thursday reported first-quarter net income of $6.7 million.

On a per-share basis, the Incline Village, Nevada-based company said it had profit of 5 cents. Earnings, adjusted for one-time gains and costs, were 9 cents per share.

The biotechnology company posted revenue of $38.9 million in the period.

In the final minutes of trading on Thursday, the company's shares hit $3.29. A year ago, they were trading at $3.10.

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