Acadia: Q2 Earnings Snapshot

August 8, 2022 GMT

SAN DIEGO (AP) _ Acadia Pharmaceuticals Inc. (ACAD) on Monday reported a loss of $34 million in its second quarter.

The San Diego-based company said it had a loss of 21 cents per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.

The drugmaker posted revenue of $134.6 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $130.9 million.

Acadia shares have dropped 29% since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.62, a decrease of 13% in the last 12 months.

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