AP NEWS

Recro Pharma: 3Q Earnings Snapshot

November 8, 2019

MALVERN, Pa. (AP) _ Recro Pharma Inc. (REPH) on Friday reported a loss of $4.3 million in its third quarter.

On a per-share basis, the Malvern, Pennsylvania-based company said it had a loss of 19 cents.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The specialty pharmaceutical company posted revenue of $25.3 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $19.8 million.

Recro Pharma expects full-year revenue in the range of $98 million to $100 million.

Recro Pharma shares have more than doubled since the beginning of the year. The stock has more than doubled 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 REPH at https://www.zacks.com/ap/REPH