Radius Health: 3Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Radius Health Inc. (RDUS) on Tuesday reported a loss of $30 million in its third quarter.
The Waltham, Massachusetts-based company said it had a loss of 65 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 80 cents per share.
The biotechnology company posted revenue of $46.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $45.7 million.
Radius Health shares have climbed 70% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.10, a rise of 60% in the last 12 months.