FREMONT, Calif. (AP) _ Ardelyx Inc. (ARDX) on Thursday reported a loss of $33.2 million in its first quarter.
The Fremont, California-based company said it had a loss of 34 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 32 cents per share.
The biotechnology company posted revenue of $6.6 million in the period.
Ardelyx shares have increased roughly 4% since the beginning of the year. The stock has declined 5% 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 ARDX at https://www.zacks.com/ap/ARDX
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