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Teligent reports 4Q loss

BUENA, N.J. (AP) _ Teligent Inc. (TLGT) on Tuesday reported a loss of $5.4 million in its fourth quarter.

On a per-share basis, the Buena, New Jersey-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 1 cent per share.

The specialty generic pharmaceutical company posted revenue of $17.9 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $17.8 million.

For the year, the company reported a loss of $12 million, or 23 cents per share, swinging to a loss in the period. Revenue was reported as $66.9 million.

Teligent expects full-year revenue in the range of $85 million to $100 million.

Teligent shares have dropped nearly 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.55, a rise of slightly more than 7 percent 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 TLGT at https://www.zacks.com/ap/TLGT


Keywords: Teligent, Earnings Report