FREMONT, Calif. (AP) _ Ardelyx Inc. (ARDX) on Tuesday reported a loss of $26.1 million in its first quarter.
The Fremont, California-based company said it had a loss of 42 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.
In the final minutes of trading on Tuesday, the company's shares hit $3.41. A year ago, they were trading at $5.05.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARDX at https://www.zacks.com/ap/ARDX