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Prothena: 4Q Earnings Snapshot

DUN LAOGHAIRE, Ireland (AP) _ Prothena Corp. (PRTA) on Thursday reported a loss of $22.5 million in its fourth quarter.

The Dun Laoghaire, Ireland-based company said it had a loss of 56 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 96 cents per share.

The drug developer posted revenue of $194,000 in the period.

For the year, the company reported that its loss widened to $155.6 million, or $3.93 per share. Revenue was reported as $955,000.

Prothena shares have risen 24 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.75, a drop of 59 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 PRTA at https://www.zacks.com/ap/PRTA