RALEIGH, N.C. (AP) _ BioDelivery Sciences International Inc. (BDSI) on Monday reported a loss of $3.8 million in its first quarter.
The Raleigh, North Carolina-based company said it had a loss of 5 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The specialty pharmaceutical company posted revenue of $19.8 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $19.6 million.
In the final minutes of trading on Monday, the company's shares hit $4.91. A year ago, they were trading at $1.93.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BDSI at https://www.zacks.com/ap/BDSI