BOCA RATON, Fla. (AP) _ TherapeuticsMD Inc. (TXMD) on Wednesday reported a loss of $32 million in its third quarter.
The Boca Raton, Florida-based company said it had a loss of 13 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The woman's health care product company posted revenue of $23.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $7.9 million.
In the final minutes of trading on Wednesday, the company's shares hit $2.62. A year ago, they were trading at $4.69.