SAN DIEGO (AP) — SAN DIEGO (AP) — Arcturus Therapeutics (ARCT) on Tuesday reported a loss of $29.1 million in its fourth quarter.
The San Diego-based company said it had a loss of $1.03 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 92 cents per share.
The pharmaceutical company posted revenue of $7.2 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $14.4 million.
For the year, the company reported that its loss narrowed to $65.8 million, or $2.40 per share. Revenue was reported as $82 million.
Arcturus Therapeutics shares have climbed 30% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.94, a decrease of 49% 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 ARCT at https://www.zacks.com/ap/ARCT
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