Zogenix: 3Q Earnings Snapshot
EMERYVILLE, Calif. (AP) _ Zogenix Inc. (ZGNX) on Thursday reported a loss of $42.3 million in its third quarter.
The Emeryville, California-based company said it had a loss of $1.08 per share. Losses, adjusted for non-recurring costs, were 93 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 88 cents per share.
Zogenix shares have risen 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.30, a rise of 15 percent in the last 12 months.