12:19 PM EST - QLT Inc. : reported first-quarter net income of $1.30 million U.S. or $0.02 U.S. per share, compared to a net loss of $10.47 million U.S. or $0.14 U.S. per share last year. The company recorded non-GAAP net income of $1.2 million U.S. or $0.02 U.S. per share for the quarter. On average, two analysts polled by Thomson Reuters expected the company to earn $0.02 U.S. per share. Analysts' estimates typically exclude special items. Quarterly revenues grew to $30.09 million U.S. from $26.69 million U.S. in the previous year. Three analysts had a consensus revenue estimate of $28.31 million U.S. QLT Inc.
shares T.QLT are trading down $0.01 at $2.42.
