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BioDelivery: 3Q Earnings Snapshot

BioDelivery: 3Q Earnings Snapshot

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Thursday, November 8, 2018

RALEIGH, N.C. (AP) _ BioDelivery Sciences International Inc. (BDSI) on Thursday reported a loss of $6.4 million in its third quarter.

The Raleigh, North Carolina-based company said it had a loss of 29 cents per share. Losses, adjusted for non-recurring costs, came to 10 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The specialty pharmaceutical company posted revenue of $14.2 million in the period, which met Street forecasts.

In the final minutes of trading on Thursday, the company’s shares hit $3.69. A year ago, they were trading at $2.80.

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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