PDL BioPharma: 4Q Earnings Snapshot
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.