LANCASTER, Calif. (AP) _ Simulations Plus Inc. (SLP) on Thursday reported fiscal third-quarter profit of $2.9 million.
On a per-share basis, the Lancaster, California-based company said it had net income of 16 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 20 cents per share.
The maker of software used in pharmaceutical research posted revenue of $12.3 million in the period.
Simulations Plus shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $64.22, more than doubling 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 SLP at https://www.zacks.com/ap/SLP
Automated Insights, source Associated Press News