Catalyst: 2Q Earnings Snapshot
CORAL GABLES, Fla. (AP) _ Catalyst Pharmaceutical Partners Inc. (CPRX) on Tuesday reported a loss of $6 million in its second quarter.
On a per-share basis, the Coral Gables, Florida-based company said it had a loss of 6 cents.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
In the final minutes of trading on Tuesday, the company’s shares hit $2.98. A year ago, they were trading at $2.89.