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Aurinia: 2Q Earnings Snapshot

August 6, 2019

VICTORIA, British Columbia (AP) _ Aurinia Pharmaceuticals Inc. (AUPH) on Tuesday reported a loss of $15.9 million in its second quarter.

On a per-share basis, the Victoria, British Columbia-based company said it had a loss of 17 cents.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

The biotechnology company posted revenue of $29,000 in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $53,000.

Aurinia shares have dropped 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.02, a climb of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUPH at https://www.zacks.com/ap/AUPH

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