Akorn: 4Q Earnings Snapshot

LAKE FOREST, Ill. (AP) _ Akorn Inc. (AKRX) on Wednesday reported a loss of $80.7 million in its fourth quarter.

The Lake Forest, Illinois-based company said it had a loss of 64 cents per share. Losses, adjusted for one-time gains and costs, came to 7 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The generic drugmaker posted revenue of $162.3 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $174.6 million.

For the year, the company reported net income of $226.8 million, or $1.80 per share, swinging to a profit in the period. Revenue was reported as $682.4 million.

The company's shares closed at $1.26. A year ago, they were trading at $4.12.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AKRX at https://www.zacks.com/ap/AKRX