WATERTOWN, Mass. (AP) — WATERTOWN, Mass. (AP) — Enanta Pharmaceuticals Inc. (ENTA) on Monday reported a loss of $28.8 million in its fiscal fourth quarter.
The Watertown, Massachusetts-based company said it had a loss of $1.36 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.16 per share.
The biotechnology company posted revenue of $14.6 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $18.4 million.
For the year, the company reported a loss of $116 million, or $5.48 per share. Revenue was reported as $67.6 million.
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