Kala Pharma: 3Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Kala Pharmaceuticals Inc. (KALA) on Thursday reported a loss of $15.6 million in its third quarter.
The Waltham, Massachusetts-based company said it had a loss of 63 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 62 cents per share.
Kala Pharma shares have fallen 59 percent since the beginning of the year. The stock has decreased 58 percent in the last 12 months.