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Vanda: 2Q Earnings Snapshot

WASHINGTON (AP) _ Vanda Pharmaceuticals Inc. (VNDA) on Wednesday reported second-quarter net income of $11.5 million.

The Washington-based company said it had net income of 21 cents per share.

The biopharmaceutical company posted revenue of $59.1 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $54.9 million.

Vanda shares have fallen 52% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.45, a fall of 40% 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 VNDA at https://www.zacks.com/ap/VNDA