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BRIEF-BASI reports Q2 earnings per share $0.05
May 15, 2017 / 1:00 PM / 7 months ago

BRIEF-BASI reports Q2 earnings per share $0.05

May 15 (Reuters) - Bioanalytical Systems Inc

* BASI reports second quarter results

* Q2 earnings per share $0.05

* Q2 revenue rose 19 percent to $6.359 million

* Bioanalytical Systems Inc - board has directed management to seek alternatives that will enable company to repay its indebtedness to Huntington Bank

* Bioanalytical Systems-evaluating among others, potential disposition of certain assets, possible sale of West Lafayette building to repay indebtedness

* Bioanalytical Systems Inc - board continues to weigh options and timing for hiring a new CEO, to fill position vacated in November of 2016

* Bioanalytical Systems Inc- qtrly revenue rose on preclinical services revenues due to an overall rise in number of studies in Q2 versus prior year period Source text for Eikon: Further company coverage:

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