CAMBRIDGE, Mass. (AP) 鈥� CAMBRIDGE, Mass. (AP) 鈥� Black Diamond Therapeutics, Inc. (BDTX) on Wednesday reported a loss of $9.9 million in its second quarter.
On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 17 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
In the final minutes of trading on Wednesday, the company’s shares hit $1.79. A year ago, they were trading at $2.73.
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