Flamel Technologies Q4 Profit Declines

(RTTNews) - Flamel Technologies S.A. (FLML) posted fourth-quarter net income of $5.1 million or $0.20 per share, compared to $9.1 million or $0.36 per share in the comparable quarter last year.

Adjusted net loss for the latest fourth quarter was $58 thousand or $0.00 per share, compared to net income of $1.2 million or $0.05 per share in the previous year quarter.

Total revenue for the fourth quarter was $6.18 million, down from $7.31 million in the prior year period.

On average, two analysts polled by Thomson Reuters expected the company to report a loss of $0.23 per share on revenue of $6.76 million. Analysts' estimates typically exclude special items.