U.S. Markets open in 2 hrs 27 mins

Arcturus Therapeutics: 3Q Earnings Snapshot

SAN DIEGO (AP) _ Arcturus Therapeutics (ARCT) on Thursday reported a loss of $7.4 million in its third quarter.

On a per-share basis, the San Diego-based company said it had a loss of 56 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.

The pharmaceutical company posted revenue of $3.3 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $7.6 million.

Arcturus Therapeutics shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.30, a climb of 49% 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 ARCT at https://www.zacks.com/ap/ARCT