AP NEWS

Cara: 3Q Earnings Snapshot

November 6, 2018

STAMFORD, Conn. (AP) _ Cara Therapeutics Inc. (CARA) on Tuesday reported a loss of $19.4 million in its third quarter.

On a per-share basis, the Stamford, Connecticut-based company said it had a loss of 51 cents.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.

The biotechnology company posted revenue of $5.1 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $4.7 million.

Cara shares have climbed 61 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.72, an increase of 65 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 CARA at https://www.zacks.com/ap/CARA

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