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PDL BioPharma: 3Q Earnings Snapshot

INCLINE VILLAGE, Nev. (AP) _ PDL BioPharma Inc. (PDLI) on Tuesday reported third-quarter net income of $25.6 million.

On a per-share basis, the Incline Village, Nevada-based company said it had profit of 18 cents. Earnings, adjusted for one-time gains and costs, were 9 cents per share.

The biotechnology company posted revenue of $67.9 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $2.46. A year ago, they were trading at $3.08.


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