SAN DIEGO (AP) — SAN DIEGO (AP) — Acadia Pharmaceuticals Inc. (ACAD) on Monday reported a loss of $41.7 million in its fourth quarter.
On a per-share basis, the San Diego-based company said it had a loss of 26 cents.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.
The drugmaker posted revenue of $136.5 million in the period, topping Street forecasts. Nine analysts surveyed by Zacks expected $134.4 million.
For the year, the company reported that its loss widened to $216 million, or $1.34 per share. Revenue was reported as $517.2 million.
Acadia shares have risen 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.40, a fall of 24% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACAD at https://www.zacks.com/ap/ACAD
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