WALTHAM, Mass. (AP) _ Kala Pharmaceuticals Inc. (KALA) on Thursday reported a loss of $14.6 million in its second quarter.
The Waltham, Massachusetts-based company said it had a loss of 60 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.
Kala Pharma shares have dropped 33 percent since the beginning of the year. The stock has fallen 38 percent 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 KALA at https://www.zacks.com/ap/KALA