INCLINE VILLAGE, Nev. (AP) _ PDL BioPharma Inc. (PDLI) on Wednesday reported first-quarter profit of $7.2 million.
On a per-share basis, the Incline Village, Nevada-based company said it had profit of 4 cents. Earnings, adjusted for one-time gains and costs, were 8 cents per share.
The biotechnology company posted revenue of $45.4 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $2.16. A year ago, they were trading at $3.56.
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
Keywords: PDL BioPharma, Earnings Report