DURHAM, N.C. (AP) _ Novan Inc. (NOVN) on Wednesday reported a loss of $6.5 million in its third quarter.

On a per-share basis, the Durham, North Carolina-based company said it had a loss of 34 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The drug development company posted revenue of $737,000 in the period, which met Street forecasts.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOVN at https://www.zacks.com/ap/NOVN

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News