SAN DIEGO (AP) — SAN DIEGO (AP) — Capricor Therapeutics Inc. (CAPR) on Wednesday reported a loss of $12.6 million in its third quarter.
The San Diego-based company said it had a loss of 38 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The biotechnology company posted revenue of $2.3 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $4 million.
Capricor shares have more than tripled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.07, rising sixfold in the last 12 months.
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