Ophthotech Q2 Loss Widens, But Loss/shr Narrows - Quick Facts

(RTTNews) - Ophthotech Corp. (OPHT) Wednesday reported second-quarter net loss attributable to stockholders of $52.50 million, wider than $11.86 million a year ago.

Loss per share significantly narrowed to $1.57 from $8.07 per share last year.

On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Total costs and expenses climbed to $42.28 million from $7.59 million in the preceding year, with $34.7 million attributable to research and development.