DURECT Corp. Q2 Loss Decreases, Beats Estimates

(RTTNews) - DURECT Corp. (DRRX) reported Loss for second quarter that decreased from last year and beat the Street estimates.

The company's earnings totaled -$3.70 million, or -$0.12 per share. This compares with -$11.18 million, or -$0.46 per share, in last year's second quarter.

Analysts on average had expected the company to earn -$0.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.3% to $2.17 million from $2.08 million last year.

DURECT Corp. earnings at a glance (GAAP) :

-Earnings (Q2): -$3.70 Mln. vs. -$11.18 Mln. last year. -EPS (Q2): -$0.12 vs. -$0.46 last year. -Revenue (Q2): $2.17 Mln vs. $2.08 Mln last year.