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Adamas reports 3Q loss

EMERYVILLE, Calif. (AP) _ Adamas Pharmaceuticals Inc. (ADMS) on Thursday reported a loss of $23.4 million in its third quarter.

On a per-share basis, the Emeryville, California-based company said it had a loss of $1.04.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.03 per share.

The drugmaker posted revenue of $1,000 in the period.

Adamas shares have risen 55 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $26.27, a rise of 94 percent 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 ADMS at https://www.zacks.com/ap/ADMS