Radius Health: 2Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Radius Health Inc. (RDUS) on Tuesday reported a loss of $68.9 million in its second quarter.
On a per-share basis, the Waltham, Massachusetts-based company said it had a loss of $1.52. Losses, adjusted for non-recurring costs and stock option expense, were 99 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.32 per share.
The biotechnology company posted revenue of $22.6 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $20.8 million.
Radius Health shares have fallen 28 percent since the beginning of the year. The stock has fallen 45 percent in the last 12 months.