=Cempra (CEMP) reported earnings on Thur 27 Oct 2016 (a/h)

CHAPEL HILL, N.C. (AP) _ Cempra Inc. (CEMP) on Thursday reported a loss of $32.3 million in its third quarter.

On a per-share basis, the Chapel Hill, North Carolina-based company said it had a loss of 62 cents.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 64 cents per share.

The drugmaker posted revenue of $4 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $3.8 million.

Cempra shares have declined 25 percent since the beginning of the year. The stock has climbed 17 percent in the last 12 months.