RADNOR, Pa. (AP) _ Safeguard Scientifics Inc. (SFE) on Thursday reported a first-quarter loss of $16 million, after reporting a profit in the same period a year earlier.

The Radnor, Pennsylvania-based company said it had a loss of 77 cents per share. Losses, adjusted for asset impairment costs and severance costs, were 14 cents per share.

Safeguard Scientifics shares have declined 34% since the beginning of the year. The stock has declined 36% 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 SFE at https://www.zacks.com/ap/SFE

Automated Insights, source Associated Press News