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

Would you like to subscribe to our newsletter?

Current Conditions Mostly Cloudy  5.3°C

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, 2016
The Associated Press

  • Popular penticton News
View Site in: Desktop | Mobile