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BioDelivery: 2Q Earnings Snapshot

August 8, 2019

RALEIGH, N.C. (AP) _ BioDelivery Sciences International Inc. (BDSI) on Thursday reported a loss of $11.1 million in its second quarter.

The Raleigh, North Carolina-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs, were 6 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The specialty pharmaceutical company posted revenue of $29.7 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $25.3 million.

BioDelivery expects full-year revenue in the range of $101 million to $105 million.

In the final minutes of trading on Thursday, the company’s shares hit $4.03. A year ago, they were trading at $2.90.

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

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