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SurModics: Fiscal 2Q Earnings Snapshot

EDEN PRAIRIE, Minn. (AP) _ SurModics Inc. (SRDX) on Wednesday reported fiscal second-quarter net income of $1.5 million.

The Eden Prairie, Minnesota-based company said it had net income of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.

The drug delivery technology company posted revenue of $22.8 million in the period.

SurModics shares have fallen slightly more than 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.80, a fall of 12% in the last 12 months.

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