WATERTOWN, Mass. (AP) _ Tetraphase Pharmaceuticals Inc. (TTPH) on Wednesday reported a loss of $19.5 million in its first quarter.
The Watertown, Massachusetts-based company said it had a loss of 36 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The biopharmaceutical company posted revenue of $1.3 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.9 million.
In the final minutes of trading on Wednesday, the company's shares hit $1.07. A year ago, they were trading at $3.51.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTPH at https://www.zacks.com/ap/TTPH