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SILVER SPRING, Md. (AP) _ United Therapeutics Corp. (UTHR) on Wednesday reported first-quarter net income of $137.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Silver Spring, Maryland-based company said it had profit of $3.12.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.43 per share.
The drugmaker posted revenue of $356.3 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $347.6 million.
United Therapeutics shares have increased 25% since the beginning of the year. The stock has climbed 7.5% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UTHR at https://www.zacks.com/ap/UTHR
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