Zafgen: 2Q Earnings Snapshot
BOSTON (AP) _ Zafgen Inc. (ZFGN) on Tuesday reported a loss of $15.8 million in its second quarter.
On a per-share basis, the Boston-based company said it had a loss of 57 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
Zafgen shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.41, more than doubling in the last 12 months.