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SAN DIEGO (AP) — SAN DIEGO (AP) — Arcturus Therapeutics (ARCT) on Thursday reported a loss of $30 million in its fourth quarter.
On a per-share basis, the San Diego-based company said it had a loss of $1.11.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The pharmaceutical company posted revenue of $22.8 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $57.8 million.
For the year, the company reported that its loss widened to $80.9 million, or $3 per share. Revenue was reported as $152.3 million.
Arcturus Therapeutics shares have fallen roughly 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.97, a decrease of 58% 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