Bellus: Q1 Earnings Snapshot
LAVAL, Quebec (AP) _ Bellus Health Inc. (BLU) on Wednesday reported a loss of $14.4 million in its first quarter.
On a per-share basis, the Laval, Quebec-based company said it had a loss of 13 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The drug developer posted revenue of $4,000 in the period.
Bellus shares have decreased 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.78, a rise of 86% in the last 12 months.