DAVIS, Calif. (AP) _ Arcadia Biosciences Inc. (RKDA) on Wednesday reported second-quarter net income of $4.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Davis, California-based company said it had profit of 84 cents. Losses, adjusted for non-recurring gains, were 96 cents per share.
The agricultural biotechnology trait company posted revenue of $203,000 in the period.
Arcadia Biosciences shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.05, an increase of 23% 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 RKDA at https://www.zacks.com/ap/RKDA
Automated Insights, source Associated Press News