Spectrum Pharma: Q1 Earnings Snapshot
Posted May 13, 2021 04:06:39 PM.
Last Updated May 13, 2021 04:16:11 PM.
HENDERSON, Nev. (AP) _ Spectrum Pharmaceuticals Inc. (SPPI) on Thursday reported a loss of $35.7 million in its first quarter.
On a per-share basis, the Henderson, Nevada-based company said it had a loss of 25 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.
In the final minutes of trading on Thursday, the company’s shares hit $3.07. A year ago, they were trading at $3.11.
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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 SPPI at https://www.zacks.com/ap/SPPI
The Associated Press
