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Avadel posts 3Q profit

DUBLIN (AP) _ Avadel Pharmaceuticals PLC (AVDL) on Wednesday reported third-quarter net income of $21.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Dublin-based company said it had profit of 52 cents.

The specialty pharmaceutical company posted revenue of $39.7 million in the period.

Avadel expects full-year earnings in the range of 25 cents to 35 cents per share, with revenue in the range of $165 million to $175 million.

Avadel shares have declined slightly more than 8 percent since the beginning of the year. The stock has increased slightly more than 1 percent in the last 12 months.

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