KemPharma: 2Q Earnings Snapshot
CORALVILLE, Iowa (AP) _ KemPharm Inc. (KMPH) on Thursday reported a loss of $10 million in its second quarter.
The Coralville, Iowa-based company said it had a loss of 91 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 98 cents per share.
In the final minutes of trading on Thursday, the company’s shares hit $4.60. A year ago, they were trading at $2.95.