BAUDETTE, Minn. (AP) _ ANI Pharmaceuticals Inc. (ANIP) on Thursday reported third-quarter profit of $434,000.

On a per-share basis, the Baudette, Minnesota-based company said it had profit of 4 cents. Earnings, adjusted for one-time gains and costs, were 97 cents per share.

The drugmaker posted revenue of $53 million in the period.

ANI shares have declined 54% since the beginning of the year. The stock has declined 65% in the last 12 months.

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