Conatus: 2Q Earnings Snapshot
SAN DIEGO (AP) _ Conatus Pharmaceuticals Inc. (CNAT) on Wednesday reported a loss of $4.5 million in its second quarter.
The San Diego-based company said it had a loss of 15 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The biotechnology company posted revenue of $8.8 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $9.1 million.
In the final minutes of trading on Wednesday, the company’s shares hit $3.99. A year ago, they were trading at $5.39.