SAN DIEGO (AP) _ Pfenex Inc. (PFNX) on Thursday reported a loss of $10.2 million in its first quarter.
The San Diego-based company said it had a loss of 31 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The biotechnology company posted revenue of $682,000 in the period.
Pfenex shares have fallen 43% since the beginning of the year. The stock has risen 15% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFNX at https://www.zacks.com/ap/PFNX
Automated Insights, source Associated Press News