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Kala Pharma: 3Q Earnings Snapshot

WALTHAM, Mass. (AP) _ Kala Pharmaceuticals Inc. (KALA) on Thursday reported a loss of $15.6 million in its third quarter.

The Waltham, Massachusetts-based company said it had a loss of 63 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 62 cents per share.

Kala Pharma shares have fallen 59 percent since the beginning of the year. The stock has decreased 58 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