PRINCETON, N.J. (AP) — PRINCETON, N.J. (AP) — Amicus Therapeutics Inc. (FOLD) on Thursday reported a loss of $21.7 million in its first quarter.
On a per-share basis, the Princeton, New Jersey-based company said it had a loss of 7 cents. Earnings, adjusted for stock option expense and pretax expenses, came to 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The pharmaceutical company posted revenue of $125.2 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $135.6 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 FOLD at https://www.zacks.com/ap/FOLD
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