Aerie: 3Q Earnings Snapshot
NORTH CAROLINA, N.C. (AP) _ Aerie Pharmaceuticals Inc. (AERI) on Tuesday reported a loss of $85.4 million in its third quarter.
The North Carolina, North Carolina-based company said it had a loss of $1.96 per share. Losses, adjusted for non-recurring costs, were $1.73 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.33 per share.
The drugmaker posted revenue of $7.3 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $5.6 million.
Aerie expects full-year revenue in the range of $20 million to $30 million.
Aerie shares have fallen almost 9 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $54.55, a decrease of 16 percent in the last 12 months.