NEW YORK (AP) — NEW YORK (AP) — Intra-Cellular Therapies Inc. (ITCI) on Wednesday reported a loss of $16.2 million in its second quarter.
The New York-based company said it had a loss of 16 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The biopharmaceutical company posted revenue of $161.4 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $158.4 million.
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