Aerie: 2Q Earnings Snapshot
Aug. 08, 2018
NORTH CAROLINA, N.C. (AP) _ Aerie Pharmaceuticals Inc. (AERI) on Wednesday reported a loss of $55 million in its second quarter.
The North Carolina, North Carolina-based company said it had a loss of $1.40 per share. Losses, adjusted for stock option expense, came to $1.14 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.02 per share.
The drugmaker posted revenue of $2.4 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $1.2 million.
Aerie shares have climbed slightly more than 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $64.75, an increase of 25 percent in the last 12 months.