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Aerie: 2Q Earnings Snapshot

August 8, 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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AERI at https://www.zacks.com/ap/AERI

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