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PDL BioPharma: 4Q Earnings Snapshot

March 11, 2020 GMT

INCLINE VILLAGE, Nev. (AP) _ PDL BioPharma Inc. (PDLI) on Wednesday reported a fourth-quarter loss of $54.9 million, after reporting a profit in the same period a year earlier.

The Incline Village, Nevada-based company said it had a loss of 48 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.

For the year, the company reported that its loss widened to $70.4 million, or 59 cents per share. Revenue was reported as $54.8 million.

In the final minutes of trading on Wednesday, the company’s shares hit $3.07. A year ago, they were trading at $3.50.

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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 PDLI at https://www.zacks.com/ap/PDLI