CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Ionis Pharmaceuticals Inc. (IONS) on Wednesday reported a loss of $104 million in its fourth quarter.
The Carlsbad, California-based company said it had a loss of 66 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $1.12 per share.
The drug discovery and development company posted revenue of $227 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $137.4 million.
For the year, the company reported a loss of $454 million, or $3.04 per share. Revenue was reported as $705 million.
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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 IONS at https://www.zacks.com/ap/IONS
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