SAN DIEGO (AP) — SAN DIEGO (AP) — Cidara Therapeutics Inc. (CDTX) on Thursday reported first-quarter net income of $2.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the San Diego-based company said it had net income of 3 cents.
The biopharmaceutical company posted revenue of $26 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit $1.18. A year ago, they were trading at 59 cents.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDTX at https://www.zacks.com/ap/CDTX
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
