SAN DIEGO (AP) — SAN DIEGO (AP) — Ligand Pharmaceuticals Inc. (LGND) on Wednesday reported a loss of $12.8 million in its third quarter.
The San Diego-based company said it had a loss of 74 cents per share. Earnings, adjusted for one-time gains and costs, were $1.02 per share.
The drugmaker posted revenue of $32.9 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $27.2 million.
Ligand expects full-year earnings in the range of $5.25 to $5.40 per share, with revenue in the range of $126 million to $129 million.
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