AP NEWS

Kala Pharma: 3Q Earnings Snapshot

November 8, 2018

WALTHAM, Mass. (AP) _ Kala Pharmaceuticals Inc. (KALA) on Thursday reported a loss of $15.6 million in its third quarter.

The Waltham, Massachusetts-based company said it had a loss of 63 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 62 cents per share.

Kala Pharma shares have fallen 59 percent since the beginning of the year. The stock has decreased 58 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 KALA at https://www.zacks.com/ap/KALA

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