SAN DIEGO (AP) 鈥� SAN DIEGO (AP) 鈥� Arcturus Therapeutics (ARCT) on Thursday reported a loss of $23.8 million in its second quarter.
The San Diego-based company said it had a loss of 84 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.07 per share.
The pharmaceutical company posted revenue of $3 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $2.5 million.
Arcturus Therapeutics shares have fallen almost 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.02, a decline of 51% in the last 12 months.
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