Lundbeck Posts Q2 Net Loss

H. Lundbeck A/S HLUYY posted a loss in the second quarter. Lundbeck posted a quarterly net loss of DKK85 million, versus a year-ago profit of DKK797 million. However, analysts were expecting a net profit of DKK181.9 million. Lundbeck's sales dropped 13% to DKK3.56 billion from DKK4.10 billion, missing analysts' estimates of DKK3.63 billion. Lundbeck shares closed at $19.55 yesterday.