SAN DIEGO (AP) — SAN DIEGO (AP) — Mirati Therapeutics Inc. (MRTX) on Tuesday reported a loss of $202.5 million in its fourth quarter.
On a per-share basis, the San Diego-based company said it had a loss of $3.51.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $3.74 per share.
The biopharmaceutical company posted revenue of $934,000 in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $3.8 million.
For the year, the company reported that its loss widened to $740.9 million, or $13.18 per share. Revenue was reported as $12.4 million.
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