THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Lexicon Pharmaceuticals Inc. (LXRX) on Thursday reported a loss of $48.4 million in its first quarter.
The The Woodlands, Texas-based company said it had a loss of 20 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The drugmaker posted revenue of $1.1 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $1.2 million.
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