WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Ardelyx Inc. (ARDX) on Tuesday reported a loss of $737,000 in its third quarter.

On a per-share basis, the Waltham, Massachusetts-based company said it had a loss of less than 1 cent.

The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The biotechnology company posted revenue of $127.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $124.5 million.

In the final minutes of trading on Tuesday, the company's shares hit $3.03. A year ago, they were trading at $5.92.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARDX at https://www.zacks.com/ap/ARDX