TEL AVIV, Israel (AP) _ Alcobra Ltd. (ADHD) on Wednesday reported a loss of $5.9 million in its fourth quarter.
On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 22 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
For the year, the company reported a loss of $24.6 million, or 89 cents per share.
The company's shares closed at $1.20. A year ago, they were trading at $5.47.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADHD at https://www.zacks.com/ap/ADHD
Keywords: Alcobra, Earnings Report