Aerie: 2Q Earnings Snapshot
NORTH CAROLINA, N.C. (AP) _ Aerie Pharmaceuticals Inc. (AERI) on Wednesday reported a loss of $47.2 million in its second quarter.
The North Carolina, North Carolina-based company said it had a loss of $1.04 per share. Losses, adjusted for non-recurring costs, came to 80 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 87 cents per share.
The drugmaker posted revenue of $15.8 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $14.6 million.
Aerie expects full-year revenue in the range of $70 million to $80 million.
Aerie shares have decreased 40% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.49, a fall of 67% in the last 12 months.