SAN DIEGO (AP) — SAN DIEGO (AP) — Ligand Pharmaceuticals Inc. (LGND) on Tuesday reported net income of $18.2 million in its fourth quarter.

On a per-share basis, the San Diego-based company said it had profit of $1.03. Earnings, adjusted for one-time gains and costs, came to $1.05 per share.

The drugmaker posted revenue of $28.1 million in the period.

For the year, the company reported profit of $52.2 million, or $2.94 per share. Revenue was reported as $131.3 million.

Ligand expects full-year earnings in the range of $4.25 to $4.75 per share, with revenue in the range of $130 million to $142 million.

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