WARREN, N.J. (AP) — WARREN, N.J. (AP) — Aquestive Therapeutics Inc. (AQST) on Monday reported a loss of $11.5 million in its third quarter.
On a per-share basis, the Warren, New Jersey-based company said it had a loss of 13 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The specialty pharmaceutical company posted revenue of $13.5 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $12.7 million.
Aquestive Therapeutics expects full-year revenue in the range of $57 million to $60 million.
Aquestive Therapeutics shares have more than doubled since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.16, more than tripling 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 AQST at https://www.zacks.com/ap/AQST
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