Paratek: 3Q Earnings Snapshot
BOSTON (AP) _ Paratek Pharmaceuticals Inc. (PRTK) on Tuesday reported a loss of $32.1 million in its third quarter.
The Boston-based company said it had a loss of $1.01 per share.
The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 85 cents per share.
The pharmaceutical company posted revenue of $50,000 in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $5.9 million.
Paratek shares have fallen 61 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.98, a decline of 69 percent in the last 12 months.