JUPITER, Fla. (AP) — JUPITER, Fla. (AP) — Ligand Pharmaceuticals Inc. (LGND) on Tuesday reported net income of $86.1 million in its first quarter.
The Jupiter, Florida-based company said it had net income of $4.75 per share. Earnings, adjusted for one-time gains and costs, came to $1.20 per share.
The drugmaker posted revenue of $31 million in the period.
Ligand expects full-year earnings in the range of $4.25 to $4.75 per share, with revenue in the range of $130 million to $142 million.
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