Elan Corp. plc (ELA.L, ELN) reported first-quarter profit of $63.3 million or $0.11 per share, compared to a loss of $31.8 million or $0.05 per share prior year. Net loss from continuing operations was $72.8 million or $0.12 per share, compared to a loss of $74.7 million or $0.13 per share last year. The company noted that the Elan's first-quarter net loss from continuing operations does not reflect any revenues or costs associated with Tysabri, as the results of Tysabri are included as a discontinued operation.
Analysts polled by Thomson Reuters expected the company to report profit of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.
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