Ardelyx: 3Q Earnings Snapshot
FREMONT, Calif. (AP) _ Ardelyx Inc. (ARDX) on Wednesday reported a loss of $24.1 million in its third quarter.
The Fremont, California-based company said it had a loss of 39 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
In the final minutes of trading on Wednesday, the company’s shares hit $3.43. A year ago, they were trading at $5.60.