LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Assertio Holdings, Inc. (ASRT) on Wednesday reported a third-quarter loss of $279.5 million, after reporting a profit in the same period a year earlier.
The Lake Forest, Illinois-based company said it had a loss of $3.42 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 1 cent per share.
The drugmaker posted revenue of $35.6 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $49.5 million.
In the final minutes of trading on Wednesday, the company's shares hit $2.13. A year ago, they were trading at $2.62.
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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 ASRT at https://www.zacks.com/ap/ASRT