Kala Pharma: 2Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Kala Pharmaceuticals Inc. (KALA) on Thursday reported a loss of $14.6 million in its second quarter.
The Waltham, Massachusetts-based company said it had a loss of 60 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.
Kala Pharma shares have dropped 33 percent since the beginning of the year. The stock has fallen 38 percent in the last 12 months.