NOVATO, Calif. (AP) — NOVATO, Calif. (AP) — Ultragenyx Pharmaceutical Inc. (RARE) on Tuesday reported a loss of $151.1 million in its first quarter.
On a per-share basis, the Novato, California-based company said it had a loss of $1.57.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.54 per share.
The biotechnology company posted revenue of $139.3 million in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $142 million.
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