Eagle Pharmaceuticals posts 3Q profit

11/08/17 10:44 AM EST

WOODCLIFF LAKE, N.J. (AP) _ Eagle Pharmaceuticals Inc. (EGRX) on Wednesday reported third-quarter net income of $15.4 million.

On a per-share basis, the Woodcliff Lake, New Jersey-based company said it had profit of 98 cents. Earnings, adjusted for one-time gains and costs, came to $1.22 per share.

The specialty pharmaceutical company posted revenue of $63 million in the period.

Eagle Pharmaceuticals shares have decreased 29 percent since the beginning of the year. The stock has decreased 25 percent in the last 12 months.

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