WILMINGTON, Del. (AP) _ Incyte Corp. (INCY) on Tuesday reported second-quarter net income of $290.3 million.

On a per-share basis, the Wilmington, Delaware-based company said it had profit of $1.32. Earnings, adjusted for one-time gains and costs, were $1.24 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The specialty drugmaker posted revenue of $688 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $595.7 million.

Incyte shares have risen 17% since the beginning of the year. The stock has increased 20% 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 INCY at https://www.zacks.com/ap/INCY

Automated Insights, source Associated Press News