Cumberland Pharmaceuticals posts profit of $151,000 in fourth quarter

NASHVILLE, Tenn. (AP) _ Cumberland Pharmaceuticals Inc. (CPIX) on Thursday reported fourth-quarter earnings of $151,000.

On a per-share basis, the Nashville, Tennessee-based company said it had net income of 1 cent. Earnings, adjusted for non-recurring costs and stock option expense, were 3 cents per share.

The pharmaceutical company posted revenue of $8 million in the period.

For the year, the company reported profit of $731,000, or 4 cents per share. Revenue was reported as $33.5 million.

In the final minutes of trading on Thursday, the company’s shares hit $4.87. A year ago, they were trading at $6.40.


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Keywords: Cumberland Pharmaceuticals, Earnings Report