AP NEWS

Tetraphase: 2Q Earnings Snapshot

August 2, 2018

WATERTOWN, Mass. (AP) _ Tetraphase Pharmaceuticals Inc. (TTPH) on Thursday reported a loss of $9.5 million in its second quarter.

The Watertown, Massachusetts-based company said it had a loss of 18 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.

The biopharmaceutical company posted revenue of $11.6 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $2.2 million.

In the final minutes of trading on Thursday, the company’s shares hit $2.83. A year ago, they were trading at $6.17.

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

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