SINGAPORE (AP) — SINGAPORE (AP) — Wave Life Sciences Pte. Ltd. (WVE) on Wednesday reported a loss of $50.5 million in its second quarter.
On a per-share basis, the Singapore-based company said it had a loss of 31 cents.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.
The biopharmaceutical company posted revenue of $8.7 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $12.6 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 WVE at https://www.zacks.com/ap/WVE
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