CUPERTINO, Calif. (AP) _ Durect Corp. (DRRX) on Tuesday reported a loss of $7.1 million in its first quarter.
The Cupertino, California-based company said it had a loss of 4 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The specialty pharmaceutical company posted revenue of $4.1 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $3.5 million.
The company's shares closed at 80 cents. A year ago, they were trading at $1.79.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DRRX at https://www.zacks.com/ap/DRRX