Paratek: 2Q Earnings Snapshot
BOSTON (AP) _ Paratek Pharmaceuticals Inc. (PRTK) on Thursday reported a loss of $29.7 million in its second quarter.
The Boston-based company said it had a loss of 94 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 93 cents per share.
The pharmaceutical company posted revenue of $40,000 in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $100,000.
Paratek shares have declined 45 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.85, a decline of 51 percent in the last 12 months.