Alimera Sciences: 3Q Earnings Snapshot

November 6, 2018

ALPHARETTA, Ga. (AP) _ Alimera Sciences Inc. (ALIM) on Monday reported a loss of $3.5 million in its third quarter.

The Alpharetta, Georgia-based company said it had a loss of 39 cents per share. Losses, adjusted for non-recurring gains, were 5 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 6 cents per share.

The eye drug developer posted revenue of $11.1 million in the period.

The company’s shares closed at $1.09. A year ago, they were trading at $1.34.


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

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