NEWARK, Calif. (AP) _ Protagonist Therapeutics Inc. (PTGX) on Tuesday reported a loss of $24 million in its first quarter.
The Newark, California-based company said it had a loss of 54 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share.
The biopharmaceutical company posted revenue of $6.2 million in the period.
Protagonist Therapeutics shares have risen 46% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $29.35, nearly quadrupling 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 PTGX at https://www.zacks.com/ap/PTGX
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