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Zogenix: 1Q Earnings Snapshot

Zogenix: 1Q Earnings Snapshot

Associated Press

EMERYVILLE, Calif. (AP) _ Zogenix Inc. (ZGNX) on Wednesday reported a loss of $35.2 million in its first quarter.

On a per-share basis, the Emeryville, California-based company said it had a loss of 83 cents.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 85 cents per share.

Zogenix shares have increased almost 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.19, a climb of almost 1% in the last 12 months.

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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 ZGNX at https://www.zacks.com/ap/ZGNX