Radius Health: 3Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Radius Health Inc. (RDUS) on Thursday reported a loss of $49.8 million in its third quarter.
The Waltham, Massachusetts-based company said it had a loss of $1.09 per share. Losses, adjusted for stock option expense and non-recurring costs, came to 85 cents per share.
The biotechnology company posted revenue of $27.6 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $25.5 million.
Radius Health shares have declined 49 percent since the beginning of the year. The stock has dropped 50 percent in the last 12 months.