DURHAM, N.C. (AP) _ Novan Inc. (NOVN) on Monday reported a loss of $6 million in its third quarter.
On a per-share basis, the Durham, North Carolina-based company said it had a loss of 25 cents. Losses, adjusted to extinguish debt, were 43 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The drug development company posted revenue of $5.1 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $6.2 million.
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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 NOVN at https://www.zacks.com/ap/NOVN
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