HAIFA BAY, Israel (AP) _ Taro Pharmaceutical Industries Ltd. (TARO) on Wednesday reported fiscal third-quarter profit of $32.9 million.

On a per-share basis, the Haifa Bay, Israel-based company said it had net income of 86 cents.

The drug maker posted revenue of $140.1 million in the period.

Taro shares have dropped 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $70.48, a fall of 15% in the last 12 months.

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