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PDL BioPharma: 2Q Earnings Snapshot

INCLINE VILLAGE, Nev. (AP) _ PDL BioPharma Inc. (PDLI) on Wednesday reported a loss of $4.4 million in its second quarter.

The Incline Village, Nevada-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 10 cents per share.

In the final minutes of trading on Wednesday, the company's shares hit $2.87. A year ago, they were trading at $2.52.

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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