Cumberland: 3Q Earnings Snapshot
NASHVILLE, Tenn. (AP) _ Cumberland Pharmaceuticals Inc. (CPIX) on Tuesday reported a loss of $1.6 million in its third quarter.
On a per-share basis, the Nashville, Tennessee-based company said it had a loss of 11 cents. Losses, adjusted for non-recurring costs and stock option expense, were 5 cents per share.
The pharmaceutical company posted revenue of $8.5 million in the period.
Cumberland shares have fallen 15 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.25, a fall of 21 percent in the last 12 months.