AP NEWS

Omeros: 2Q Earnings Snapshot

August 9, 2018

SEATTLE (AP) _ Omeros Corporation (OMER) on Thursday reported a loss of $33.7 million in its second quarter.

On a per-share basis, the Seattle-based company said it had a loss of 70 cents. Losses, adjusted for non-recurring costs, were 60 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 66 cents per share.

The drug developer posted revenue of $1.7 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.8 million.

Omeros shares have increased 12 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $21.70, a drop of 13 percent 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 OMER at https://www.zacks.com/ap/OMER

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