NEWARK, Calif. (AP) — NEWARK, Calif. (AP) — Protagonist Therapeutics Inc. (PTGX) on Tuesday reported a loss of $11.7 million in its first quarter.
On a per-share basis, the Newark, California-based company said it had a loss of 19 cents.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.
The biopharmaceutical company posted revenue of $28.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $11.3 million.
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