BOSTON (AP) _ Zafgen Inc. (ZFGN) on Thursday reported a loss of $10.4 million in its fourth quarter.
The Boston-based company said it had a loss of 38 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.
For the year, the company reported a loss of $57.9 million, or $2.12 per share.
In the final minutes of trading on Thursday, the company's shares hit $3.95. A year ago, they were trading at $6.44.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZFGN at https://www.zacks.com/ap/ZFGN
Keywords: Zafgen, Earnings Report