WAYNE, Pa. (AP) 鈥� WAYNE, Pa. (AP) 鈥� Aclaris Therapeutics Inc. (ACRS) on Thursday reported a loss of $19.8 million in its first quarter.
On a per-share basis, the Wayne, Pennsylvania-based company said it had a loss of 15 cents.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The specialty pharmaceutical company posted revenue of $2 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.4 million.
The company’s shares closed at $4.80. A year ago, they were trading at $1.28.
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