SAN DIEGO (AP) 鈥� SAN DIEGO (AP) 鈥� Arcturus Therapeutics (ARCT) on Thursday reported a loss of $27 million in its first quarter.
The San Diego-based company said it had a loss of 95 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.14 per share.
The pharmaceutical company posted revenue of $2.1 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $7.9 million.
Arcturus Therapeutics shares have risen 45% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.90, a drop of 19% in the last 12 months.
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