SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Cytokinetics Inc. (CYTK) on Thursday reported a loss of $131.3 million in its first quarter.
On a per-share basis, the South San Francisco, California-based company said it had a loss of $1.38.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.24 per share.
The biopharmaceutical company posted revenue of $4.6 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $1.8 million.
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