AP NEWS

Durect: 3Q Earnings Snapshot

November 7, 2018

CUPERTINO, Calif. (AP) _ Durect Corp. (DRRX) on Wednesday reported a third-quarter loss of $2.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Cupertino, California-based company said it had a loss of 2 cents.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The specialty pharmaceutical company posted revenue of $8 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $6.6 million.

In the final minutes of trading on Wednesday, the company’s shares hit $1.02. A year ago, they were trading at 99 cents.

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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 DRRX at https://www.zacks.com/ap/DRRX

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