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BioDelivery: 4Q Earnings Snapshot

BioDelivery: 4Q Earnings Snapshot

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Thursday, March 14, 2019

RALEIGH, N.C. (AP) _ BioDelivery Sciences International Inc. (BDSI) on Thursday reported a loss of $7 million in its fourth quarter.

On a per-share basis, the Raleigh, North Carolina-based company said it had a loss of 10 cents.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 10 cents per share.

The specialty pharmaceutical company posted revenue of $18 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $16.2 million.

For the year, the company reported a loss of $33.9 million, or 73 cents per share, swinging to a loss in the period. Revenue was reported as $55.6 million.

In the final minutes of trading on Thursday, the company’s shares hit $4.60. A year ago, they were trading at $2.20.

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

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