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Zogenix: 1Q Earnings Snapshot

EMERYVILLE, Calif. (AP) _ Zogenix Inc. (ZGNX) on Tuesday reported a loss of $25.8 million in its first quarter.

The Emeryville, California-based company said it had a loss of 54 cents per share. Losses, adjusted for non-recurring gains, came to 70 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.08 per share.

The drugmaker posted revenue of $1.2 million in the period.

Zogenix shares have fallen 49% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.65, a decrease of 30% 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 ZGNX at https://www.zacks.com/ap/ZGNX