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PDL BioPharma reports 4Q loss

INCLINE VILLAGE, Nev. (AP) _ PDL BioPharma Inc. (PDLI) on Wednesday reported a fourth-quarter loss of $10.3 million, after reporting a profit in the same period a year earlier.

The Incline Village, Nevada-based company said it had a loss of 6 cents per share. Earnings, adjusted for one-time gains and costs, were 1 cent per share.

The biotechnology company posted revenue of $66.5 million in the period.

For the year, the company reported profit of $63.6 million, or 39 cents per share. Revenue was reported as $244.3 million.

In the final minutes of trading on Wednesday, the company's shares hit $2.12. A year ago, they were trading at $3.14.


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