BOSTON (AP) — BOSTON (AP) — Ironwood Pharmaceuticals Inc. (IRWD) on Thursday reported third-quarter net income of $3.6 million.
On a per-share basis, the Boston-based company said it had profit of 2 cents.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The drugmaker posted revenue of $91.6 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $89 million.
Ironwood expects full-year revenue in the range of $350 million to $375 million.
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