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AP

Durect: Q1 Earnings Snapshot

  • Updated

CUPERTINO, Calif. (AP) — Durect Corp. (DRRX) on Tuesday reported a loss of $10.1 million in its first quarter.

On a per-share basis, the Cupertino, California-based company said it had a loss of 5 cents.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 5 cents per share.

The specialty pharmaceutical company posted revenue of $2.2 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $2.6 million.

In the final minutes of trading on Tuesday, the company's shares hit $1.79. A year ago, they were trading at $2.04.

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

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