May 9, 2017 / 8:18 PM / 3 months ago

BRIEF-Ligand reports Q1 earnings per share $0.22

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May 9 (Reuters) - Ligand Pharmaceuticals Inc

* Ligand reports first quarter 2017 financial results

* Q1 adjusted earnings per share $0.57

* Q1 earnings per share $0.22

* Q1 earnings per share view $0.63 -- Thomson Reuters I/B/E/S

* Ligand Pharmaceuticals Inc - Total revenues for Q1 of 2017 were $29.3 million, compared with $29.6 million for same period in 2016

* Ligand Pharmaceuticals Inc - As of March 31, 2017, Ligand had cash, cash equivalents and short-term investments of $159.4 million

* Ligand Pharmaceuticals Inc - During 2017, Ligand estimates it could potentially receive up to an additional $24 million of contract payments

* Ligand Pharmaceuticals Inc sees 2017 core revenue of $130 million

* Ligand Pharmaceuticals Inc sees 2017 adjusted earnings per diluted share would be approximately $2.70

* Q1 revenue view $31.2 million -- Thomson Reuters I/B/E/S

* FY2017 revenue view $131.8 million -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

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