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Dermira: 2Q Earnings Snapshot

MENLO PARK, Calif. (AP) _ Dermira Inc. (DERM) on Wednesday reported a loss of $18 million in its second quarter.

The Menlo Park, California-based company said it had a loss of 33 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 90 cents per share.

The skin condition drug developer posted revenue of $66.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $34.2 million.

Dermira shares have climbed 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.99, a decrease of 20% 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 DERM at https://www.zacks.com/ap/DERM