AP NEWS

Arcadia Biosciences: 3Q Earnings Snapshot

November 7, 2018

DAVIS, Calif. (AP) _ Arcadia Biosciences Inc. (RKDA) on Wednesday reported third-quarter net income of $4.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Davis, California-based company said it had net income of 93 cents. Losses, adjusted for non-recurring gains, came to 46 cents per share.

The agricultural biotechnology trait company posted revenue of $370,000 in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $4.30. A year ago, they were trading at $5.65.

_____

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

AP RADIO
Update hourly