Novan: Q2 Earnings Snapshot
DURHAM, N.C. (AP) _ Novan Inc. (NOVN) on Thursday reported a loss of $8.9 million in its second quarter.
On a per-share basis, the Durham, North Carolina-based company said it had a loss of 44 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 59 cents per share.
The drug development company posted revenue of $6.2 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $6.7 million.