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Cardiome reports 4Q loss

VANCOUVER, British Columbia (AP) _ Cardiome Pharma Corp. (CRME) on Tuesday reported a loss of $5.6 million in its fourth quarter.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 18 cents.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The cardiovascular drug maker posted revenue of $7 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $6.7 million.

For the year, the company reported that its loss narrowed to $19.6 million, or 79 cents per share. Revenue was reported as $25.3 million.

In the final minutes of trading on Tuesday, the company's shares hit $3.07. A year ago, they were trading at $5.09.


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


Keywords: Cardiome Pharma, Earnings Report