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Collegium Pharmaceutical: 2Q Earnings Snapshot

STOUGHTON, Mass. (AP) _ Collegium Pharmaceutical Inc. (COLL) on Wednesday reported a loss of $4.7 million in its second quarter.

The Stoughton, Massachusetts-based company said it had a loss of 14 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 10 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.

The specialty pharmaceutical company posted revenue of $75 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $76 million.

Collegium Pharmaceutical shares have decreased 38% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.61, a decrease of 43% 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 COLL at https://www.zacks.com/ap/COLL