MediWound: 3Q Earnings Snapshot

YAVNE, Israel (AP) _ MediWound Ltd. (MDWD) on Tuesday reported a loss of $2.9 million in its third quarter.

On a per-share basis, the Yavne, Israel-based company said it had a loss of 11 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.

The developer of treatments for burns and hard-to-heal wounds posted revenue of $858,000 in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1 million.

MediWound shares have increased 28 percent since the beginning of the year. The stock has climbed 24 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MDWD at https://www.zacks.com/ap/MDWD