Paratek: 2Q Earnings Snapshot
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.