INCLINE VILLAGE, Nev. (AP) _ PDL BioPharma Inc. (PDLI) on Thursday reported fourth-quarter profit of $16.3 million.
The Incline Village, Nevada-based company said it had net income of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 10 cents per share.
The biotechnology company posted revenue of $45.1 million in the period.
For the year, the company reported a loss of $68.9 million, or 47 cents per share, swinging to a loss in the period. Revenue was reported as $198.1 million.
In the final minutes of trading on Thursday, the company's shares hit $3.48. A year ago, they were trading at $3.01.
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