CUPERTINO, Calif. (AP) _ Durect Corp. (DRRX) on Thursday reported a second-quarter loss of $9.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Cupertino, California-based company said it had a loss of 4 cents.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 4 cents per share.
The specialty pharmaceutical company posted revenue of $2.3 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $2.8 million.
In the final minutes of trading on Thursday, the company's shares hit $1.51. A year ago, they were trading at $1.97.
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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