Vivus Posts Narrower Loss
Vivus Inc. (NASDAQ:VVUS) posted a loss of 10 cents per share during the third quarter 2011, narrower than the Zacks Consensus Estimate of a loss of 12 cents and the year-ago loss of 22 cents per share. Lower research and development (R&D) expenses led to the narrower loss. The company did not record any revenues during [...]
Vivus Inc. (NASDAQ:VVUS) posted a loss of 10 cents per share during the third quarter 2011, narrower than the Zacks Consensus Estimate of a loss of 12 cents and the year-ago loss of 22 cents per share. Lower research and development (R&D) expenses led to the narrower loss.
The company did not record any revenues during the quarter, similar to the prior-year quarter.
Quarterly Details
During the quarter, R&D expenses decreased 63.0% to $3.7 million. Moreover, general and administrative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards