RTTNews | May 10, 2021 07:23AM EDT

07:23 Monday, May 10, 2021 (RTTNews.com) - Eagle Pharmaceuticals, Inc. (EGRX) reported Monday that its first-quarter net loss was $0.4 million or $0.03 per share, narrower than last year's loss of $2.9 million or $0.21 per share.

Adjusted net income was $3.2 million or $0.24 per share, compared to last year's adjusted net income of $11.7 million or $0.84 per share.

Total revenue for the first quarter declined to $41.2 million from $46.0 million a year ago, primarily reflecting decreased product sales of RYANODEX and royalty revenue of BENDEKA.

On average, four analysts polled by Thomson Reuters expected earnings of $0.65 per share on revenues of $45.41 million for the quarter. Analysts' estimates typically exclude special items.

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