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Correvio: 2Q Earnings Snapshot

August 14, 2019

VANCOUVER, British Columbia (AP) _ Correvio Pharma Corp. (CORV) on Wednesday reported a second-quarter loss of $10.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 26 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The cardiovascular drug maker posted revenue of $7.4 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $7.6 million.

The company’s shares closed at $1.65. A year ago, they were trading at $4.74.

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

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