WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Ardelyx Inc. (ARDX) on Thursday reported a third-quarter loss of $809,000, after reporting a profit in the same period a year earlier.
On a per-share basis, the Waltham, Massachusetts-based company said it had a loss of less than 1 cent.
The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The biotechnology company posted revenue of $98.2 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $86.3 million.
Ardelyx shares have dropped slightly more than 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.87, an increase 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 ARDX at https://www.zacks.com/ap/ARDX
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