U.S. Markets closed

Akebia Therapeutics reports 4Q loss

CAMBRIDGE, Mass. (AP) _ Akebia Therapeutics Inc. (AKBA) on Monday reported a loss of $37.9 million in its fourth quarter.

The Cambridge, Massachusetts-based company said it had a loss of 99 cents per share.

The kidney disease treatment developer posted revenue of $1.5 million in the period.

For the year, the company reported a loss of $135.7 million, or $3.60 per share. Revenue was reported as $1.5 million.

Akebia Therapeutics shares have declined 1.5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.25, an increase of 31 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 AKBA at https://www.zacks.com/ap/AKBA


Keywords: Akebia Therapeutics, Earnings Report