Zogenix: 2Q Earnings Snapshot
EMERYVILLE, Calif. (AP) _ Zogenix Inc. (ZGNX) on Monday reported a loss of $29 million in its second quarter.
The Emeryville, California-based company said it had a loss of 83 cents per share. Losses, adjusted to account for discontinued operations, were 82 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 90 cents per share.
Zogenix shares have increased 40 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $56.20, more than quadrupling in the last 12 months.