Intercept: Q3 Earnings Snapshot

MORRISTOWN, N.J. (AP) _ Intercept Pharmaceuticals Inc. (ICPT) on Tuesday reported third-quarter net income of $267.5 million, after reporting a loss in the same period a year earlier.

The Morristown, New Jersey-based company said it had profit of $7.80 per share. Losses, adjusted to account for discontinued operations, were $3.04 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.11 per share.

The drugmaker posted revenue of $77.6 million in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $75.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ICPT">Zacks stock report on ICPT at https://www.zacks.com/ap/ICPT