THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Lexicon Pharmaceuticals Inc. (LXRX) on Thursday reported a loss of $15.5 million in its fourth quarter.
The The Woodlands, Texas-based company said it had a loss of 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The drugmaker posted revenue of $5.5 million in the period.
For the year, the company reported a loss of $50.3 million, or 14 cents per share. Revenue was reported as $49.8 million.
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