ACTON, Mass. (AP) _ Psychemedics Corp. (PMD) on Tuesday reported third-quarter profit of $677,000.
On a per-share basis, the Acton, Massachusetts-based company said it had net income of 12 cents.
The drug testing company posted revenue of $9.9 million in the period.
Psychemedics shares have decreased 42% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.25, a drop of 48% in the last 12 months.