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Paratek: 2Q Earnings Snapshot

August 2, 2018

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.

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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 PRTK at https://www.zacks.com/ap/PRTK

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