Ardelyx: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 04:12 PM ET
Last Updated - Jun 21, 2023, 11:18 PM EDT
WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Ardelyx Inc. (ARDX) on Wednesday reported a loss of $26.8 million in its first quarter.
The Waltham, Massachusetts-based company said it had a loss of 13 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The biotechnology company posted revenue of $11.4 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $10.1 million.
