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Arcturus Therapeutics: Q3 Earnings Snapshot - WTOP News


Arcturus Therapeutics: Q3 Earnings Snapshot - WTOP News

SAN DIEGO (AP) -- SAN DIEGO (AP) -- Arcturus Therapeutics (ARCT) on Thursday reported a loss of $6.9 million in its third quarter.

On a per-share basis, the San Diego-based company said it had a loss of 26 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 70 cents per share.

The pharmaceutical company posted revenue of $41.7 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $49.2 million.

Arcturus Therapeutics shares have declined 41% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.74, a fall of slightly more than 4% 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 ARCT at https://www.zacks.com/ap/ARCT

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