Assertio: 1Q Earnings Snapshot
LAKE FOREST, Ill. (AP) _ Assertio Therapeutics, Inc. (ASRT) on Monday reported first-quarter net income of $41.2 million, after reporting a loss in the same period a year earlier.
The Lake Forest, Illinois-based company said it had profit of 58 cents per share. Earnings, adjusted for non-recurring gains, were 10 cents per share.
The drugmaker posted revenue of $20.9 million in the period.
The company’s shares closed at 80 cents. A year ago, they were trading at $4.78.