YONKERS, N.Y. (AP) _ ContraFect Corp. (CFRX) on Thursday reported fourth-quarter net income of $5.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Yonkers, New York-based company said it had net income of 7 cents. Losses, adjusted for non-recurring gains, were 8 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
For the year, the company reported that its loss widened to $37.7 million, or 50 cents per share.
The company's shares closed at 41 cents. A year ago, they were trading at $1.98.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFRX at https://www.zacks.com/ap/CFRX