NewzNEW YORK (AP) — NEW YORK (AP) — Axsome Therapeutics Inc. (AXSM) on Monday reported a loss of $51.3 million in its second quarter. The New York-based company said it had a loss of 99 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 99 cents per share. The biopharmaceutical company posted revenue of $218.4 million in the period, which did not meet Street forecasts.
Seven analysts surveyed by Zacks expected $224.5 million. Axsome shares have risen 16% since the beginning of the year. The stock has more than doubled in the last 12 months.
_____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXSM at https://www.zacks.com/ap/AXSM Source THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Target Hospitality Corp.
(TH) on Monday reported a loss of $9 million in its second quarter. The The Woodlands, Texas-based company said it had a loss of 9 cents per share. The results beat Wall Street expectations.
The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share. The company posted revenue of $85.5 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $79.3 million.
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