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Assertio: 2Q Earnings Snapshot

August 7, 2019

LAKE FOREST, Ill. (AP) _ Assertio Therapeutics, Inc. (ASRT) on Wednesday reported a loss of $13.6 million in its second quarter.

On a per-share basis, the Lake Forest, Illinois-based company said it had a loss of 21 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 25 cents per share.

The drugmaker posted revenue of $57.2 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $2.66. A year ago, they were trading at $9.33.

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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 ASRT at https://www.zacks.com/ap/ASRT

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