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.