Ionis Pharmaceuticals: Q1 Earnings Snapshot

CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Ionis Pharmaceuticals Inc. (IONS) on Wednesday reported a loss of $124 million in its first quarter.

The Carlsbad, California-based company said it had a loss of 87 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1 per share.

The drug discovery and development company posted revenue of $131 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $130.6 million.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on IONS at

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