×

Pernix Therapeutics posts 3Q profit

MORRISTOWN, N.J. (AP) _ Pernix Therapeutics Holdings Inc. (PTX) on Tuesday reported third-quarter net income of $6.4 million, after reporting a loss in the same period a year earlier.

The Morristown, New Jersey-based company said it had net income of 42 cents per share. Losses, adjusted for non-recurring gains, were 57 cents per share.

The pharmaceutical posted revenue of $40.5 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $2.83. A year ago, they were trading at $3.85.

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