Zai Lab Limited (ZLAB) released Loss for third quarter that decreased from the same period last year and beat the Street estimates.
The company's earnings totaled -$41.67 million, or -$0.04 per share. This compares with -$69.15 million, or -$0.07 per share, in last year's third quarter.
Analysts on average had expected the company to earn -$0.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 47.7% to $102.27 million from $69.23 million last year.
Zai Lab Limited earnings at a glance (GAAP) :
-Earnings (Q3): -$41.67 Mln. vs. -$69.15 Mln. last year.
-EPS (Q3): -$0.04 vs. -$0.07 last year.
-Revenue (Q3): $102.27 Mln vs. $69.23 Mln last year.
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