CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Durect Corp. (DRRX) on Wednesday reported earnings of $7.8 million in its fourth quarter.
On a per-share basis, the Cupertino, California-based company said it had profit of 24 cents. Losses, adjusted to account for discontinued operations, were 6 cents per share.
The specialty pharmaceutical company posted revenue of $453,000 in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $6.9 million.
For the year, the company reported a loss of $7.9 million, or 25 cents per share. Revenue was reported as $2 million.
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