PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — IVERIC bio, Inc. (ISEE) on Wednesday reported a loss of $59.1 million in its fourth quarter.
On a per-share basis, the Parsippany, New Jersey-based company said it had a loss of 47 cents.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.
For the year, the company reported that its loss widened to $185.2 million, or $1.53 per share.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ISEE at https://www.zacks.com/ap/ISEE
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