Arena Pharmaceuticals' (ARNA) Q2 Loss Widens, Revenues Meet
Zacks Investment Research | Aug 07, 2019 10:34PM ET
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) incurred loss of $1.24 per share for the second quarter of 2019, wider than the Zacks Consensus Estimate of a loss of $1.04 as well as the year-ago quarterly loss of 65 cents.
Moreover, Arena’s total revenues of $1 million in the reported quarter plunged 75% year over year. Meanwhile, the top line matched the Zacks Consensus Estimate. Revenues included $0.94 million of royalty revenues and $0.08 million of collaboration revenues. In the year-earlier period, Arena had recorded $4 million as collaboration/royalty revenues.
Shares of Arena have soared 56.4% so far this year versus the Zacks Investment Research
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