CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Blueprint Medicines Corp. (BPMC) on Thursday reported a loss of $50 million in its fourth quarter.
On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 79 cents.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 70 cents per share.
The cancer drug developer posted revenue of $146.4 million in the period, which also missed Street forecasts. Ten analysts surveyed by Zacks expected $147.5 million.
For the year, the company reported that its loss narrowed to $67.1 million, or $1.07 per share. Revenue was reported as $508.8 million.
Blueprint Medicines shares have risen 19% since the beginning of the year. The stock has increased 34% 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 BPMC at https://www.zacks.com/ap/BPMC
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