February 10, 2010 / 10:02 PM / in 8 years

UPDATE 1-Theratechnologies posts narrower Q4 loss

* Q4 loss/shr C$0.08 vs C$0.26 yr ago

* Q4 rev C$2.3 mln

Feb 10 (Reuters) - Canadian biotechnology company Theratechnologies Inc TH.TO posted a narrower quarterly loss, helped by lower operating costs and expenses.

For the fourth quarter ended Nov. 30, the company reported a loss of C$4.7 million, or 8 Canadian cents a share, compared with C$15.1 million, or 26 Canadian cents a share, a year earlier.

Consolidated revenue more than trebled to C$2.3 million.

Analysts on average were expecting a loss of 9 Canadian cents a share, before special items, on revenue of C$2.5 million, according to Thomson Reuters I/B/E/S.

The company said its operating costs and expenses for the quarter fell 31 percent to C$4.1 million.

Shares of the Montreal, Quebec-based company closed at C$4.72 Wednesday on the Toronto Stock Exchange. (Reporting by Koustav Samanta in Bangalore; Editing by Unnikrishnan Nair)

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