Achaogen: 3Q Earnings Snapshot
SOUTH SAN FRANCISCO, Calif. (AP) _ Achaogen Inc. (AKAO) on Thursday reported a loss of $41.8 million in its third quarter.
On a per-share basis, the South San Francisco, California-based company said it had a loss of $1.02. Losses, adjusted for restructuring costs, were 88 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 96 cents per share.
The biopharmaceutical company posted revenue of $2 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $3.8 million.
The company’s shares closed at $3.08. A year ago, they were trading at $13.61.