SINGAPORE (AP) — SINGAPORE (AP) — Wave Life Sciences Pte. Ltd. (WVE) on Tuesday reported fourth-quarter profit of $29.3 million.
On a per-share basis, the Singapore-based company said it had profit of 17 cents.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The biopharmaceutical company posted revenue of $83.7 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $29.1 million.
For the year, the company reported a loss of $97 million, or 70 cents per share. Revenue was reported as $108.3 million.
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