NOVATO, Calif. (AP) — NOVATO, Calif. (AP) — Ultragenyx Pharmaceutical Inc. (RARE) on Tuesday reported a loss of $180.4 million in its third quarter.
The Novato, California-based company said it had a loss of $1.81 per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $1.23 per share.
The biotechnology company posted revenue of $159.9 million in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $167.6 million.
Ultragenyx expects full-year revenue in the range of $640 million to $670 million.
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