WASHINGTON (dpa-AFX) - PDL BioPharma Inc. (PDLI) announced a profit for fourth quarter that dropped from the same period last year.
The company's profit came in at $16.28 million, or $0.11 per share. This compares with $22.34 million, or $0.15 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 33.7% to $45.12 million from $68.04 million last year.
PDL BioPharma Inc. earnings at a glance:
-Earnings (Q4): $16.28 Mln. vs. $22.34 Mln. last year. -EPS (Q4): $0.11 vs. $0.15 last year. -Analysts Estimate: $0.08 -Revenue (Q4): $45.12 Mln vs. $68.04 Mln last year.
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