DUBLIN (AP) — DUBLIN (AP) — Avadel Pharmaceuticals PLC (AVDL) on Thursday reported a loss of $13.8 million in its second quarter.
The Dublin-based company said it had a loss of 14 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The specialty pharmaceutical company posted revenue of $41.5 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $37.1 million.
Avadel shares have increased 14% since the beginning of the year. The stock has risen 20% 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 AVDL at https://www.zacks.com/ap/AVDL
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