Nektar Therapeutics (NKTR) released Loss for fourth quarter that decreased from last year but missed the Street estimates.
The company's earnings totaled -$42.08 million, or -$0.22 per share. This compares with -$59.69 million, or -$0.32 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn -$0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.5% to $23.89 million from $22.02 million last year.
Nektar Therapeutics earnings at a glance (GAAP) :
-Earnings (Q4): -$42.08 Mln. vs. -$59.69 Mln. last year.
-EPS (Q4): -$0.22 vs. -$0.32 last year.
-Revenue (Q4): $23.89 Mln vs. $22.02 Mln last year.
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