WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Ardelyx Inc. (ARDX) on Monday reported a loss of $19.1 million in its second quarter.
The Waltham, Massachusetts-based company said it had a loss of 8 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The biotechnology company posted revenue of $97.7 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $84.6 million.
In the final minutes of trading on Monday, the company’s shares hit $4.39. A year ago, they were trading at $6.05.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARDX at https://www.zacks.com/ap/ARDX
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