Alkermes reports 4Q loss

DUBLIN 4, Ireland (AP) _ Alkermes PLC (ALKS) on Wednesday reported a loss of $21.1 million in its fourth quarter.

On a per-share basis, the Dublin 4, Ireland-based company said it had a loss of 14 cents. Earnings, adjusted for one-time gains and costs, came to 15 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The drugmaker posted revenue of $213.5 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $202.3 million.

For the year, the company reported that its loss narrowed to $208.4 million, or $1.38 per share. Revenue was reported as $745.7 million.

Alkermes expects a full-year loss of $1.27 per share.

Alkermes shares have risen roughly 3 percent since the beginning of the year. The stock has climbed 72 percent in the last 12 months.

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

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Keywords: Alkermes, Earnings Report