Amylyx Pharmaceuticals Shares Rise After Q2 Loss Narrows
Amylyx Pharmaceuticals (AMLX) shares were up 9.3% in Thursday trading after the company's net loss narrowed in Q2.The company reported a quarterly net loss of $0.39 per diluted share, narrowing from a loss of $0.46 a year earlier.Analysts polled by FactSet expected a loss of $0.36.The company had cash, cash equivalents, and short-term investments of $250.8 million at June 30, expecting a cash runway into 2028.Price: $23.87, Change: $+2.02, Percent Change: +9.24%