SAN DIEGO (AP) _ Cidara Therapeutics Inc. (CDTX) on Wednesday reported a loss of $14.4 million in its fourth quarter.
The San Diego-based company said it had a loss of 88 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 78 cents per share.
For the year, the company reported a loss of $48.2 million, or $3.32 per share.
Cidara Therapeutics shares have decreased 29 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.35, a decrease of 28 percent 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 CDTX at https://www.zacks.com/ap/CDTX
Keywords: Cidara Therapeutics, Earnings Report