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Protalix reports 1Q loss

CARMIEL, Israel (AP) _ Protalix BioTherapeutics Inc. (PLX) on Wednesday reported a first-quarter loss of $59.1 million, after reporting a profit in the same period a year earlier.

The Carmiel, Israel-based company said it had a loss of 48 cents per share. Losses, adjusted for non-recurring costs, were 7 cents per share.

The drug developer posted revenue of $2.9 million in the period.

The company's shares closed at 92 cents. A year ago, they were trading at 81 cents.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLX at https://www.zacks.com/ap/PLX


Keywords: Protalix, Earnings Report