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Achillion reports 4Q loss

NEW HAVEN, Conn. (AP) _ Achillion Pharmaceuticals Inc. (ACHN) on Thursday reported a fourth-quarter loss of $4.4 million, after reporting a profit in the same period a year earlier.

The New Haven, Connecticut-based company said it had a loss of 3 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The biopharmaceutical company posted revenue of $15 million in the period.

For the year, the company reported that its loss widened to $61.7 million, or 45 cents per share. Revenue was reported as $15 million.

Achillion expects a full-year loss of 75 cents to 70 cents per share.

In the final minutes of trading on Thursday, the company's shares hit $4.24. A year ago, they were trading at $6.70.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACHN at https://www.zacks.com/ap/ACHN


Keywords: Achillion Pharmaceuticals, Earnings Report