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Teligent reports 3Q loss

BUENA, N.J. (AP) _ Teligent Inc. (TLGT) on Monday reported a loss of $6.3 million in its third quarter.

On a per-share basis, the Buena, New Jersey-based company said it had a loss of 12 cents. Losses, adjusted for non-recurring costs and amortization costs, came to 8 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The specialty generic pharmaceutical company posted revenue of $13.7 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $19.2 million.

Teligent expects full-year revenue in the range of $65 million to $67 million.

Teligent shares have declined 21 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.25, a decrease of 13 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TLGT at https://www.zacks.com/ap/TLGT