NOVATO, Calif. (AP) — NOVATO, Calif. (AP) — Ultragenyx Pharmaceutical Inc. (RARE) on Tuesday reported a loss of $92 million in its second quarter.
On a per-share basis, the Novato, California-based company said it had a loss of 90 cents.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.27 per share.
The biotechnology company posted revenue of $214 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $181 million.
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