AP NEWS

Achaogen: 2Q Earnings Snapshot

August 6, 2018

SOUTH SAN FRANCISCO, Calif. (AP) _ Achaogen Inc. (AKAO) on Monday reported a loss of $50 million in its second quarter.

On a per-share basis, the South San Francisco, California-based company said it had a loss of $1.20.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 92 cents per share.

The biopharmaceutical company posted revenue of $2.6 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $1.5 million.

Achaogen shares have declined 34 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.05, a drop of 60 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 AKAO at https://www.zacks.com/ap/AKAO

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