WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Ardelyx Inc. (ARDX) on Thursday reported a fourth-quarter loss of $407,000, after reporting a profit in the same period a year earlier.
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 earnings of 2 cents per share.
The biotechnology company posted revenue of $125.2 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $117.6 million.
For the year, the company reported that its loss widened to $61.6 million, or 26 cents per share. Revenue was reported as $407.3 million.
Ardelyx shares have increased 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.77, an increase of slightly more than 6% in the last 12 months.
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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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