PDL BioPharma Reports Second Quarter 2018 Financial Results

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PDL BioPharma (PDLI) Reports Q2 Revenues Above Consensus

August 8, 2018 4:39 PM EDT

PDL BioPharma (NASDAQ: PDLI) reported Q2 EPS of ($0.76), versus $0.06 reported last year. Revenue for the quarter came in at $46.6 million versus the consensus estimate of $44.66 million.

Total revenues of $46.6 million.GAAP net loss attributable to PDL\'s shareholders of $112.3 million or $(0.76) per share.GAAP net loss includes a one-time $133.3 million, net of tax, non-cash accounting charge related to the impairment of an intangible asset from Noden Pharma DAC, due to the increased probability of a... More