Zynerba: 1Q Earnings Snapshot

Zynerba: 1Q Earnings Snapshot

Associated Press
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DEVON, Pa. (AP) _ Zynerba Pharmaceuticals Inc. (ZYNE) on Wednesday reported a loss of $9.1 million in its first quarter.

On a per-share basis, the Devon, Pennsylvania-based company said it had a loss of 47 cents.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.

Zynerba shares have more than quadrupled since the beginning of the year. The stock has risen 23% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZYNE at https://www.zacks.com/ap/ZYNE

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