Click to copy
Click to copy

Aerie: 2Q Earnings Snapshot

August 7, 2019

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AERI at https://www.zacks.com/ap/AERI

All contents © copyright 2019 The Associated Press. All rights reserved.