THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Lexicon Pharmaceuticals Inc. (LXRX) on Wednesday reported second-quarter net income of $3.3 million.
On a per-share basis, the The Woodlands, Texas-based company said it had net income of 1 cent.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The drugmaker posted revenue of $28.9 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $6.5 million.
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