Arena Pharmaceuticals, Inc. (ARNA) reported a net loss for the first quarter of $24.3 million or $0.10 per share, compared to a net loss of $25.3 million or $0.12 per share for the year-ago quarter.
Total revenue for the first quarter rose to $12.26 million from $6.81 million a year ago.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share on revenue of $10.56 million for the first quarter.
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