March 4, 2010 / 10:42 PM / 8 years ago

UPDATE 1-Depomed posts narrower-than-expected Q4 loss

* Q4 loss/shr $0.07 vs est loss/shr $0.13

* Q4 rev jumps 52 pct

* Shares up as much as 5 pct in after-mkt trade

March 4 (Reuters) - Depomed Inc (DEPO.O) posted a narrower-than-expected quarterly loss, helped by a nearly four-fold increase in license revenue, sending its shares up as much as 5 percent in after-market trade.

For the fourth quarter, the specialty pharmaceutical company reported a net loss of $3.6 million, or 7 cents a share, compared with a loss of $11.2 million, or 22 cents a share, a year earlier.

Analysts on average had expected a loss of 13 cents a share, excluding items, on revenue of $13.3 million, according to Thomson Reuters I/B/E/S.

    Total revenue rose 52 percent to $13.2 million.

    License revenue rose to $3.2 million in the quarter from 834,000 in the year-ago period.

    Shares of the company rose 5 percent to $3 in after-market trade. They closed at $2.87 Thursday on Nasdaq. (Reporting by Shailesh Kuber in Bangalore; Editing by Maju Samuel)

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