SOMERVILLE, Mass. (AP) — SOMERVILLE, Mass. (AP) — Bluebird Bio Inc. (BLUE) on Friday reported a loss of $81.4 million in its second quarter.
The Somerville, Massachusetts-based company said it had a loss of 42 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.
The biotechnology company posted revenue of $16.1 million in the period, matching Street forecasts.
In the final minutes of trading on Friday, the company’s shares hit 50 cents. A year ago, they were trading at $3.06.
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