Durect: 3Q Earnings Snapshot

November 4, 2019 GMT

CUPERTINO, Calif. (AP) _ Durect Corp. (DRRX) on Monday reported a loss of $2 million in its third quarter.

The Cupertino, California-based company said it had a loss of 1 cent per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The specialty pharmaceutical company posted revenue of $10.8 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $7.8 million.

In the final minutes of trading on Monday, the company’s shares hit $1.90. A year ago, they were trading at $1.


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