Vanda reports 4Q loss

WASHINGTON (AP) _ Vanda Pharmaceuticals Inc. (VNDA) on Wednesday reported a loss of $604,000 in its fourth quarter.

The Washington-based company said it had a loss of 1 cent per share. Earnings, adjusted for amortization costs and stock option expense, came to 8 cents per share.

The biopharmaceutical company posted revenue of $38.2 million in the period.

For the year, the company reported that its loss narrowed to $18 million, or 41 cents per share. Revenue was reported as $146 million.

Vanda expects full-year revenue in the range of $165 million to $175 million.

Vanda shares have fallen 9 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.50, a climb of 77 percent in the last 12 months.


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Keywords: Vanda Pharmaceuticals, Earnings Report