Aratana: 4Q Earnings Snapshot
Aratana: 4Q Earnings Snapshot
LEAWOOD, Kan. (AP) _ Aratana Therapeutics Inc. (PETX) on Tuesday reported a loss of $8.6 million in its fourth quarter.
The Leawood, Kansas-based company said it had a loss of 18 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The developer of pet medications posted revenue of $4.9 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $6.5 million.
For the year, the company reported that its loss narrowed to $14.7 million, or 32 cents per share. Revenue was reported as $35.4 million.
In the final minutes of trading on Tuesday, the company's shares hit $3.66. A year ago, they were trading at $4.42.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PETX at https://www.zacks.com/ap/PETX