PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — BridgeBio Pharma Inc. (BBIO) on Tuesday reported a loss of $162 million in its third quarter.
The Palo Alto, California-based company said it had a loss of 86 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.03 per share.
The rare disease drug developer posted revenue of $2.7 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $6 million.
BridgeBio Pharma shares have decreased 35% since the beginning of the year. The stock has declined 3.5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBIO at https://www.zacks.com/ap/BBIO
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