CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Sarepta Therapeutics Inc. (SRPT) on Wednesday reported fourth-quarter profit of $159 million.
On a per-share basis, the Cambridge, Massachusetts-based company said it had net income of $1.50.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The biopharmaceutical company posted revenue of $658.4 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $640.3 million.
For the year, the company reported profit of $235.2 million, or $2.34 per share. Revenue was reported as $1.9 billion.
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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 SRPT at https://www.zacks.com/ap/SRPT
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