Anika: Q3 Earnings Snapshot

Associated Press Finance
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BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Anika Therapeutics Inc. (ANIK) on Thursday reported a loss of $6.6 million in its third quarter.

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 $41.5 million in the period.

Anika expects full-year revenue in the range of $164 million to $166 million.

Anika shares have decreased 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.99, a drop of 37% 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

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