LANCASTER, Calif. (AP) — LANCASTER, Calif. (AP) — Simulations Plus Inc. (SLP) on Tuesday reported net income of $206,000 in its fiscal first quarter.
On a per-share basis, the Lancaster, California-based company said it had profit of 1 cent. Earnings, adjusted for amortization costs and non-recurring costs, were 17 cents per share.
The maker of software used in pharmaceutical research posted revenue of $18.9 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $18.7 million.
Simulations Plus expects full-year earnings in the range of $1.07 to $1.20 per share, with revenue in the range of $90 million to $93 million.
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