PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — Arrowhead Research Corp. (ARWR) on Thursday reported a loss of $170.8 million in its fiscal third quarter.
The Pasadena, California-based company said it had a loss of $1.38 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 58 cents per share.
Arrowhead Research shares have dropped 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.85, a drop of 6% in the last 12 months.
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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 ARWR at https://www.zacks.com/ap/ARWR
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