STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — SpringWorks Therapeutics Inc. (SWTX) on Thursday reported a loss of $87.4 million in its first quarter.
On a per-share basis, the Stamford, Connecticut-based company said it had a loss of $1.18.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.17 per share.
The biopharmaceutical company posted revenue of $21 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $11.9 million.
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