MENLO PARK, Calif. (AP) _ Corium International Inc. (CORI) on Monday reported a loss of $10.4 million in its fiscal first quarter.
The Menlo Park, California-based company said it had a loss of 46 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 43 cents per share.
The biopharmaceutical company posted revenue of $7 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $8.2 million.
In the final minutes of trading on Monday, the company's shares hit $2.89. A year ago, they were trading at $4.70.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CORI at https://www.zacks.com/ap/CORI
Keywords: Corium International, Earnings Report