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Anika: 3Q Earnings Snapshot

·1 min read

BEDFORD, Mass. (AP) _ Anika Therapeutics Inc. (ANIK) on Wednesday reported a third-quarter loss of $6.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Bedford, Massachusetts-based company said it had a loss of 45 cents.

The medical technology company posted revenue of $31.7 million in the period.

Anika shares have decreased 29% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.77, a drop of 45% in the last 12 months.

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