U.S. Markets open in 4 hrs 26 mins

Psychemedics: 4Q Earnings Snapshot

ACTON, Mass. (AP) _ Psychemedics Corp. (PMD) on Tuesday reported a fourth-quarter loss of $530,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Acton, Massachusetts-based company said it had a loss of 9 cents. Earnings, adjusted for non-recurring costs, were 5 cents per share.

The drug testing company posted revenue of $8.7 million in the period.

For the year, the company reported profit of $1.5 million, or 28 cents per share. Revenue was reported as $37.7 million.

Psychemedics shares have increased nearly 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.21, a drop of 52% in the last 12 months.

_____

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