Affymax Inc. (AFFY) said its third-quarter net loss narrowed to $18.38 million or $0.97 per share from $26.21 million or $1.72 per share in the year earlier period. On average, 7 analysts polled by Thomson Reuters expected loss per share of $1.23 for the quarter. Analysts' estimate typically excludes one-time items.
Total revenue for the third quarter of 2009 grew to $29.16 million from $21.65 million in the comparable period. Six analysts estimated revenues of $26.10 million for the quarter.
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