CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Durect Corp. (DRRX) on Wednesday reported a loss of $4.3 million in its third quarter.
The Cupertino, California-based company said it had a loss of 14 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The specialty pharmaceutical company posted revenue of $1.9 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $2 million.
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