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Paratek reports 4Q loss

BOSTON (AP) _ Paratek Pharmaceuticals Inc. (PRTK) on Thursday reported a loss of $26.5 million in its fourth quarter.

The Boston-based company said it had a loss of $1.16 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.29 per share.

The pharmaceutical company posted revenue of $29,000 in the period.

For the year, the company reported that its loss widened to $111.6 million, or $5.51 per share. Revenue was reported as $29,000.

Paratek shares have decreased roughly 2 percent since the beginning of the year. The stock has dropped nearly 3 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 PRTK at https://www.zacks.com/ap/PRTK


Keywords: Paratek Pharmaceuticals, Earnings Report