Merus Labs posts 2nd-quarter loss of $2.5 million | iNFOnews | Thompson-Okanagan's News Source

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Merus Labs posts 2nd-quarter loss of $2.5 million

May 11, 2016 - 2:58 PM

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.

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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 MSLI at http://www.zacks.com/ap/MSLI

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Keywords: Merus Labs, Earnings Report

News from © The Associated Press, 2016
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