JERSEY CITY, N.J. (AP) _ Scynexis Inc. (SCYX) on Tuesday reported a loss of $4 million in its first quarter.
The Jersey City, New Jersey-based company said it had a loss of 12 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The pharmaceutical company posted revenue of $64,000 in the period.
In the final minutes of trading on Tuesday, the company's shares hit $1.29. A year ago, they were trading at $2.54.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCYX at https://www.zacks.com/ap/SCYX