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Paratek: 2Q Earnings Snapshot

August 6, 2019

BOSTON (AP) _ Paratek Pharmaceuticals Inc. (PRTK) on Tuesday reported a loss of $33.2 million in its second quarter.

On a per-share basis, the Boston-based company said it had a loss of $1.02.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.16 per share.

The pharmaceutical company posted revenue of $2 million in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $1.9 million.

In the final minutes of trading on Tuesday, the company’s shares hit $3.09. A year ago, they were trading at $10.95.

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

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