WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Ardelyx Inc. (ARDX) on Thursday reported a loss of $969,000 in its third quarter.
The Waltham, Massachusetts-based company said it had a loss of less than 1 cent on a per-share basis.
The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The biotechnology company posted revenue of $110.3 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $99.8 million.
In the final minutes of trading on Thursday, the company’s shares hit $5. A year ago, they were trading at $5.89.
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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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