Merus Labs posts 2nd-quarter loss of $2.5 million
VANCOUVER, British Columbia (AP) _ Merus Labs International Inc. (MSLI) on Wednesday reported a fiscal second-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier.
The Vancouver, British Columbia-based company said it had a loss of 2 cents per share.
The drugmaker posted revenue of $14.4 million in the period.
In the final minutes of trading on Wednesday, the company’s shares hit $1.45. A year ago, they were trading at $2.40.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSLI at http://www.zacks.com/ap/MSLI
_____
Keywords: Merus Labs, Earnings Report
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
