RALEIGH, N.C. (AP) _ BioDelivery Sciences International Inc. (BDSI) on Wednesday reported second-quarter net income of $1.2 million, after reporting a loss in the same period a year earlier.
The Raleigh, North Carolina-based company said it had profit of 1 cent per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The specialty pharmaceutical company posted revenue of $36.6 million in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $36.3 million.
The company’s shares closed at $4.26. A year ago, they were trading at $3.77.
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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 BDSI at https://www.zacks.com/ap/BDSI
The Associated Press
