WATERTOWN, Mass. (AP) 鈥� WATERTOWN, Mass. (AP) 鈥� Enanta Pharmaceuticals Inc. (ENTA) on Monday reported a loss of $13.1 million in its fiscal second quarter.
On a per-share basis, the Watertown, Massachusetts-based company said it had a loss of 45 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.
The biotechnology company posted revenue of $17.2 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $17.6 million.
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