DURHAM, N.C. (AP) — DURHAM, N.C. (AP) — BioCryst Pharmaceuticals Inc. (BCRX) on Thursday reported fourth-quarter net income of $245.8 million, after reporting a loss in the same period a year earlier.
The Durham, North Carolina-based company said it had net income of $1.12 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The drugmaker posted revenue of $406.6 million in the period.
For the year, the company reported net income of $263.9 million, or $1.21 per share, swinging to a profit in the period. Revenue was reported as $874.8 million.
BioCryst shares have fallen 3% since the beginning of the year. The stock has dropped nearly 9% in the last 12 months.
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