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Ironwood: Q1 Earnings Snapshot

BOSTON (AP) _ Ironwood Pharmaceuticals Inc. (IRWD) on Thursday reported first-quarter profit of $39.9 million. The Boston-based company said it had net income of 25 cents per share. Earnings, adjusted for non-recurring gains, were 24 cents per share...

صاحب‌خبر -

BOSTON (AP) _ Ironwood Pharmaceuticals Inc. (IRWD) on Thursday reported first-quarter profit of $39.9 million.

The Boston-based company said it had net income of 25 cents per share. Earnings, adjusted for non-recurring gains, were 24 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The drugmaker posted revenue of $88.8 million in the period.

Ironwood expects full-year revenue in the range of $370 million to $385 million.

Ironwood shares have fallen nearly 5% since the beginning of the year. The stock has climbed 3% 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 IRWD at https://www.zacks.com/ap/IRWD

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