ANI: 3Q Earnings Snapshot

Associated Press
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BAUDETTE, Minn. (AP) _ ANI Pharmaceuticals Inc. (ANIP) on Wednesday reported third-quarter net income of $3.9 million.

On a per-share basis, the Baudette, Minnesota-based company said it had profit of 32 cents. Earnings, adjusted for one-time gains and costs, came to $1.23 per share.

The drugmaker posted revenue of $51.3 million in the period.

ANI expects full-year earnings in the range of $5.06 to $5.23 per share, with revenue in the range of $209 million to $212 million.

ANI shares have risen 75% since the beginning of the year. The stock has risen 53% in the last 12 months.

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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 ANIP at https://www.zacks.com/ap/ANIP

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