WALTHAM, Mass. (AP) _ Proteon Therapeutics Inc. (PRTO) on Tuesday reported a loss of $12.3 million in its third quarter.
The Waltham, Massachusetts-based company said it had a loss of $1.08 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.
The company's shares closed at $2. A year ago, they were trading at $7.95.