U.S. Markets closed

Proteostasis: 1Q Earnings Snapshot

BOSTON (AP) _ Proteostasis Therapeutics Inc. (PTI) on Wednesday reported a loss of $14.4 million in its first quarter.

On a per-share basis, the Boston-based company said it had a loss of 28 cents.

The biopharmaceutical company posted revenue of $5 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $1.07. A year ago, they were trading at $5.01.

_____

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