SAN DIEGO (AP) — SAN DIEGO (AP) — Arcturus Therapeutics (ARCT) on Tuesday reported first-quarter net income of $50.8 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 profit of $1.87. Earnings, adjusted to extinguish debt, came to 88 cents per share.
The pharmaceutical company posted revenue of $80.3 million in the period.
Arcturus Therapeutics shares have increased 71% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.95, a climb of 74% in the last 12 months.
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